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Thus, a billion is 1000 × 1000 2 = 10 9; a trillion is 1000 × 1000 3 = 10 12; and so forth. Due to its dominance in the financial world (and by the US dollar), this was adopted for official United Nations documents. Traditional French usage has varied; in 1948, France, which had originally popularized the short scale worldwide, reverted to ...
1,000,000,000,000, i.e. one million million, or 10 12 (ten to the twelfth power), as defined on the short scale. This is now the meaning in both American and British English. 1,000,000,000,000,000,000, i.e. 10 18 (ten to the eighteenth power), as defined on the long scale. This is one million times larger than the short scale trillion.
Some countries have had events of inflation of 1 million percent or more in a single month, which usually results in the rapid abandonment of the currency. For example, in November 2008 the monthly inflation rate of the Zimbabwean dollar reached 79.6 billion percent (470% per day); the approximate value with three significant figures would be 7 ...
On the other hand, the pre-1961 former French word billion, pre-1994 former Italian word bilione, Brazilian Portuguese word bilhão, and Welsh word biliwn all refer to 10 9, being short scale terms. Each of these words translates to the American English or post-1974 British English word billion (10 9 in the short scale).
This is an accepted version of this page This is the latest accepted revision, reviewed on 20 January 2025. See also: Orders of magnitude (numbers) and Long and short scales Natural number 1000000000 List of numbers Integers ← 10 0 10 1 10 2 10 3 10 4 10 5 10 6 10 7 10 8 10 9 Cardinal One billion (short scale) One thousand million, or one milliard (long scale) Ordinal One billionth (short ...
1000 million Mark Notgeld banknote (1923) of Frankfurt am Main. According to the Oxford English Dictionary, the word billion was formed in the 16th century (from million and the prefix bi-, "two"), meaning the second power of a million (1,000,000 2 = 10 12). This long scale definition was similarly applied to trillion, quadrillion and so on ...
A record 146 new U.S. cities became million-dollar cities in 2021, which was the highest-ever number of new entrants in a single year, according to a new report from Zillow. That brought the total ...
In 1998, economic historian J. Bradford DeLong estimated the total GWP in 1990 U.S. dollars for the main years between one million years BCE and 2000 CE (shown in the table below). [6] Estimates from 2000 onwards are based on world GDP, PPP estimates in 2021 constant international dollars from the World Bank and subsequently converted to 1990 US$.