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.
A lag bolt, or lag screw, is a type of fastener used for making mechanical connections between two pieces of wood to ensure that they are held together securely. These bolts are often used to fasten large beams and posts used for decking, wooden bridges, and other wooden structures.