To measure the change in the standard of living,it is best to use the growth rate

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Real GDP (gross domestic product) per person is a measure of the amount of goods and services produced in a country adjusted for inflation and divided by the population. By tracking the growth rate of real GDP per person over time, we can see how much the average person's standard of living is increasing. This measure takes into account changes in both the amount of goods and services produced and changes in population, making it a better measure than real GDP alone or population growth rate alone. The Rule of 70 can also be used to calculate how long it takes for real GDP per person to double, but it is not a measure of change in living standards itself.

To Measure the Change in the Standard of Living,it Is