In the following passage, some of the words have been left out and labelled as 1 to 5. Read the passage carefully and select the correct option against the given label which can make the sentence complete.

 

The “Well-Being Budget” moves away from traditional fares like    (1)    and tax cuts. instead, it focuses on people, with spending dictated by    (2)    of what is best for the lives of the 4.8 million people who live in New Zealand. Other countries have made    (3)    into becoming well-being economies. Bhutan has been at the forefront. As far back as 1971, it rejected using Gross Domestic Product as the main economic    (4)    in favour of Gross National Happiness. The U.K. also has introduced some elements. But New Zealand is being    (5)   as the first Western country to make well-being as the core to its entire budget and the key objective for all its government ministries.