The long and short scales are two different large-number naming systems used throughout the world. Many countries, including most in continental Europe, use the long scale whereas most English-speaking countries use the short scale.
The long scale billion is 1,000,000,000,000, while the short scale billion is 1,000,000,000.
one billion in the long scale is the same as one trillion in the short scale.
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If you are talking about a US billion, it would be 10,000 million. If it is a British billion, it would be 10 million.
1,000,000,000 = 1 US Billion an English Billion contains 3 more Zeroes
1.1 billion = 1100 millionIn The US 1 100 million is 1,1 billionIn Europe 1 100 000 million is 1,1 billion. (the US billion is a miljard) (Confusing? Yeah!)Use scientific notation 1,1 * 109 (US) or 1,1 * 1012 (EU) then there is no question!
Using the price of gold in 2012 it would be somewhere between 1.5 and 2 billion dollars.
Oh honey, it's not rocket science. Half a billion is written as 500,000,000. That's five hundred million for those who like to be fancy. Now go out there and show off your newfound knowledge, you math wizard!