Oh, dude, you're hitting me with the math questions, huh? Alright, so one third of half a million is 166,666.67. But, like, who's really counting those decimals anyway? Just round it up and call it a day.
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No, 5000 is not half of one million. To find half of one million, you would divide it by 2, which equals 500,000. 5000 is only 1% of one million.
One Third of 6.3 million is 2,079,000
Neither is larger.
One half million is 500 thousand.
That is the correct spelling of "half million" (500,000). The terminology for the determiner (adjective) would properly be "a half million" or "one-half million" or more colloquially "half a million." e.g. There were a half million refugees from the flood. More than one-half million residents were without power. As many as half a million cars were affected by the recall.