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Constant Dollars: weighted by a constant/unchanging basket/list of goods and services. Chained Dollars: weighted by a basket/list that changes yearly to more accurately reflect actual spending. The basket is an average of the basket for successive pairs of years; example of paired years are 2010–2011, 2011–2012, etc.
The root mil in million does not refer to the numeral, 1. The word, million, derives from the Old French, milion, from the earlier Old Italian, milione, an intensification of the Latin word, mille, a thousand. That is, a million is a big thousand, much as a great gross is a dozen gross or 12 × 144 = 1728. [7]
Billion is a word for a large number, and it has two distinct definitions: . 1,000,000,000, i.e. one thousand million, or 10 9 (ten to the ninth power), as defined on the short scale.
For most people, it's hard to imagine having even a million dollars, let a billion. However, fortunes totaling $1 billion -- and much, much more -- are a reality for the richest people in the...
For the $1.1 billion jackpot, you’d get 30 average annual payments of $36.6 million. But after federal taxes — amounting to more than $13 million — the net total per year would be around $23 ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 7 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 ...
Although $1 million may seem like a lot of money, unfortunately, it doesn't stretch as far as it used to. But, if you're a frugal spender, it may be just enough to buy everything you've always wanted.
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.