What is the numerical value of a billion?

Answer 1

It depends. In the USA one billion is one thousand million (1,000,000,000). However in the UK a biillion has always been regarded as a million million (1,000,000,000,000). However, the British billion is gradually going into disuse as more and more people, especially in the financial field, are using the American version, and, when the British government talk about things costing x amount of billions, it is the Americam version they use..