What term refers to the measure of financial health of a population based on per capita income and product consumption?

The term that accurately describes the measure of financial health of a population based on per capita income and product consumption is "Standard of Living." This concept encompasses the level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area. By considering per capita income, it highlights the average income earned per person, which provides insight into the financial resources available to the population. Additionally, product consumption reflects how much goods and services are consumed, giving a broader perspective on economic activity and individual well-being.

While other terms like "Quality of Life" and "Economic Growth" relate to broader or different aspects of societal well-being and economic indicators, they do not specifically focus on the financial measures indicated in the question. "Purchasing Power" relates to the ability to buy goods with a certain income and is a component of understanding economic conditions, but it does not encapsulate the overall financial health as effectively as "Standard of Living" does.