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.
1 Fag, a junior boy who acts or acted as servant ( fagging ) to a senior boy at a British public school. 2  Fag, or faggot (slang) , an American English slur for a homosexual. 3  A short form used among stock exchange traders for the stock of Antofagasta PLC. Fag, a British and Australian colloquialism for cigarette. 2  Fag, a junior boy who acts or acted as servant ( fagging ) to a senior boy at a British public school.