dickythorpe
Ivor Allchurch
- Joined
- Jul 22, 2020
- Messages
- 4,620
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What is a trillion worth?
Analysis box by Chris Morris, Reality Check correspondent
Million, billion trillion…
When the numbers get bigger and bigger, the words can start to sound the same.
But a billion is a thousand times bigger than a million. And a trillion is a thousand times bigger than a billion.
To put that into perspective, if a million seconds adds up to 11 and a half days, a billion seconds add up to 33 and a half years - and a trillion seconds? More than 33,000 years.
An awful lot, in other words. But in a modern economy we spend an awful lot.
If you take the total money spent on healthcare in the UK, it would, (according to the Office for National Statistics,) take less than five years to spend £1tn.
Alternatively £1tn could buy you more than four million houses at the average UK property price, or fund more than 500 NASA missions to Mars
Analysis box by Chris Morris, Reality Check correspondent
Million, billion trillion…
When the numbers get bigger and bigger, the words can start to sound the same.
But a billion is a thousand times bigger than a million. And a trillion is a thousand times bigger than a billion.
To put that into perspective, if a million seconds adds up to 11 and a half days, a billion seconds add up to 33 and a half years - and a trillion seconds? More than 33,000 years.
An awful lot, in other words. But in a modern economy we spend an awful lot.
If you take the total money spent on healthcare in the UK, it would, (according to the Office for National Statistics,) take less than five years to spend £1tn.
Alternatively £1tn could buy you more than four million houses at the average UK property price, or fund more than 500 NASA missions to Mars
I think Cheltenham bets are looking different now Saint
