Measuring the length with a shoe string on the smallest pulley OD (smallest diameter at the "flat" of the V-groove) will not directly give you the proper belt length, as you're measuring the inside circumference with the shoe string, almost. Modern V-belts are listed with either the outside circumference or the effective length, which takes into account the belt section/profile. For example, the part number of that belt in the photo says it is somewhere around 53.5 inches effective length, which is not the same as the 54.125 inch outside circumference on the label, because they are different measurements.
If you measure 34 inches with the shoe string for example, you're likely to actually need something like a 36 or 37 inch belt because of the difference in where the effective length (in the belt part number) is measured versus where you measured with the shoe string. The shoe string measurement is a starting measurement, not actually the length belt you need.
Really old school V-belt part numbers were listed with the inside circumference, but I'm pretty sure no one uses that numbering/measuring system anymore.
Just like anything else, you need to know what is actually being measured in order to get the correct part.
Just find an online calculator where you can start with inside circumference and belt section (you already have that from the package) and will output the belt length you will need to then find a part number.