My interpretation of this image is that $\Delta G^\circ$ is equal to the difference between $G^\circ$ of the products and $G^\circ$ of the reactants.
But, I've also read $\Delta G^\circ$ as being given for calculating the difference in free energy between a point when $Q=1$ and the equilibrium position. That is, $\Delta G^\circ=-RT\ln(K)$.
Which one of these is the accurate interpretation?