The answer depends upon the scale and where you are:
* In those countries that use the long scale (based on powers of a million) like Europe:
1 billion ÷ 1 million = (10^6)^2 ÷ (10^6) = (10^6)^1 = 1 million.
* In those countries that use the short scale (based on powers of a thousand plus one) like USA:
1 billion ÷ 1 million = (10^3)^(2+1) ÷ (10^3)^2 = (10^3)^1 = 1 thousand.
If you're in the UK although people (including [some of the] Government) want it to be part of Europe, it doesn't use the European long scale (not since 1974) but the American short scale.
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one billion times larger
1 million.
0 1,500 million is 1.5 billion
A billion is larger then a million, so there is instead 1000 millions that make up 1 billion.
1000