Nominal GDP per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore using a basis of GDP at purchasing power parity (PPP) is arguably more useful when comparing differences in living standards between nations.
lag verb. âº [I or T] to not make as much âprogress as other âpeople or things: lag behind sb/sth Business âleaders in the UK still lag behind their âEuropean âcounterparts in âforeign âlanguage âskills.lag well/far behind As usual we lag far behind the rest of the âworld in this matter.
zag. n. One of a series of sharp turns or reversals: many zigs and zags in the mountain road; the zigs and zags of the stock market. intr.v. zagged, zagÂ·ging, zags. 1. To turn or change direction suddenly. Usually used in contrast to zig: The runner zigged when he should have zagged. 2. To behave erratically or indecisively.