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.
cog - a subordinate who performs an important but routine function; he was a small cog in a large machine man - a male subordinate; the chief stationed two men outside the building; he awaited word from his man in Havana second fiddle, second banana - someone who serves in a subordinate capacity or plays a secondary role. 2.