## How BIG is a billion??????

September 17, 2010

This idea comes from Whoops! Why Everyone Owes Everyone and No One Can Pay by Jonathon Lanchester. Before we begin perhaps I should state:

1 million = 1,000,000 = 10^6

1 billion = 1,000,000,000 = 10^9

1 trillion = 1,000,000,000,000 = 10^12

The answers (You won’t be within a stadium amplified Cooee of either) are just under 12 days and about 32 years and 32,000 years!!!!

Economists work with very large numbers when calculating National Debts. We can understand the scale of these numbers by calculating the time it takes to spend, say, \$1 trillion.

If you spend \$1 every second, it will take you 32,000 years to spend \$1 trillion.

Australian National Debt is approx \$Aus 1,000 trillion.  You will find relevant inform @ wikipedia or on the Australian Government website. Oddly, I don’t really trust either webistes. (See following post)

How long would it take to spend Australia’s National Debt @ \$Aus 1 per second???????

That’s right!! 32,000, 000 years!!!!!!

If you go back 32 million years, you arrive at the Ogliocene Period. T-Rex has already hit the dust, but the first rats have evolved and one of them would have to spend \$Aus1 a second to arrive @ our Australian National Debt today. Which rat? The one smiling with the gold tooth?

### One comment

1. Its very good post i like your texts