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Traditional British usage assigned new names for each power of one million (the long scale): 1,000,000 = 1 million; 1,000,000 2 = 1 billion; 1,000,000 3 = 1 trillion; and so on. It was adapted from French usage, and is similar to the system that was documented or invented by Chuquet .
Trillion is a number with two distinct definitions: 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.
For example, a billion is represented as 13 characters (1,000,000,000) in decimal format, but is only 3 characters (10 9) when expressed in exponential format. A trillion is 17 characters in decimal, but only 4 (10 12) in exponential. Values that vary dramatically can be represented and compared graphically via logarithmic scale.
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 . This is now the most common sense of the word in all varieties of English; it has long been established in American English and has since become common in ...
The financial and general news media mostly use m or M, b or B, and t or T as abbreviations for million, billion (10 9) and trillion (10 12), respectively, for large quantities, typically currency [28] and population. [29] The medical and automotive fields in the United States use the abbreviations cc or ccm for cubic centimetres.
With a number, "billion" can be abbreviated as b, bil [2] or bn. [3] [4] In standard form, it is written as 1 × 10 9. The metric prefix giga indicates 1,000,000,000 times the base unit. Its symbol is G. One billion years may be called an eon in astronomy or geology.
However, 2020 saw a significant increase as the feds started shoveling out pandemic-relief money to the states, peaking at $1.4 trillion in 2021, then declining slightly to $1.3 trillion in 2022.
the long scale — designates a system of numeric names formerly used in British English, but now obsolete, in which a billion is used for a million million (and similarly, with trillion, quadrillion etc., the prefix denoting the power of a million); and a thousand million is sometimes called a milliard. This system is still used in several ...