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.
Nautical The line by which the log is trailed from a ship to determine its speed. 2. or logÂ·line (logâ²lÃ´gâ², lÄ«nâ²-) LÅg a very brief synopsis of the plot of a proposed program or movie as presented in a pitch to persuade others to produce the. Project AntonymsRelated WordsSynonymsLegend: wordssynonymslegend