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# American billion vs european trillion

trillion: billion: 10 15: quadrillion: thousand billion (billiard) 10 18: quintillion: trillion: 10 21: sextillion: thousand trillion (trilliard) 10 24: septillion : quadrillion: 10 27: octillion: thousand quadrillion (quadrilliard) 10 30: nonillion: quintillion: 10 33: decillion: thousand quintillion (quintilliard) American vs. British systems. Both systems were actually invented by the. Five sectors to invest Public transportation Housing Building restoration Green areas Education American vs European billion Continental Europe (Spain) and Latin America, 1 billion is a million millions 1billion = 10^12 = 1,000,000,000,000 In USA, 1 billion one thousand million But in America this would be a trillion, so it's actually a thousand million is a billion. So it's true there's no real logic in the American system but there's also no real logic in the British one either. Because when you get to what is a British trillion, well it's not a billion billion, it's a million billion A billion is a number with two distinct definitions: 1,000,000,000, i.e. one thousand million, It is still in use in many non-English-speaking countries where billion and trillion 10 18 (ten to the eighteenth power) or equivalent words maintain their long scale definitions. American English adopted the short scale definition from the French (it enjoyed usage in France at the time. A trillion was 1,000,000,000,000,000,000, or the third power of a million. The US later adopted what became known as the short scale, which reduced a trillion to 1,000,000,000,000 (and a billion.

### A Billion Is A Billion? American & British Systems

1. Eine deutsche Billion, also eine Million Millionen, eine Zahl mit 12 Nullen, nennt der Amerikaner a trillion, was aber, nun wird es ganz verrückt, wiederum eine völlig andere Zahl als die deutsche Trillion ist! Eine deutsche Trillion sind nicht etwa 1.000 amerikanische trillions, wie der Unterschied zwischen Billion (deutsch) und billion (Amerikanisch) suggerieren würde sondern.
2. Im Hintergrund steht die Überlappung der Zahlennamen Billion, Trillion usw., die unterschiedliche Mengen nach zwei unterschiedlichen Zahlensystemen bezeichnen. Das traditionelle System, das échelle longue (fr. lange Leiter) bezeichnet wird, wie wir es in Europa verwenden (d. h. Zahlenstufen Million - Milliarde - Billion usw.), hat sich im 16. Jahrhundert eingebürgert. Es geht auf die.
3. One trillion is a thousand billions, or equivalently a million millions. It is a 1 with 12 zeros after it, denoted by 1,000,000,000,000. One trillion seconds is 32,000 years. 5 ﻿
4. Ab einer Milliarde wiederholt sich das Schema -illion und -illiarde.Die Präfixe leiten sich aus dem Lateinischen ab: Bi- für 2 (Billion und Billiarde), Tri- für 3, Quadri- für 4, Quinti- (auch: Quinqui-) für 5 und so weiter.Sie geben also Potenzen der Million an: eine Billion ist 1 000 000 2, eine Trillion ist 1 000 000 3, eine Quadrillion ist 1 000 000 4 und so weiter
5. Milliarden vs. Billionen: Große Zahlen. Von Kristin Kopf. Unzäh­lige Male schon habe ich im BILD­blog Beiträge gele­sen, in denen ein deutsch­er Bericht kri­tisiert wurde, der von Bil­lio­nen sprach, wo auch im amerikanis­chen Orig­i­nal von bil­lions die Rede war 1. Eine amerikanis­che bil­lion ist näm­lich, ins Deutsche.
6. Kurz gesagt: In Amerika wird die kurze Leiter verwendet (1000-er Schritte) in Deutschland die lange Leiter ( 1.000.000-en Schritte). Eine Billion ist in Deutschland also 10^12 (Bi=2), eine Trillion also 10^18 (Tri=3), eine Quadrillion 10^24 (Quad=4) u.s.w. Im Amerikanischen ist eine Billion der 2. Schritt nach der Million mit 3 Nullen mehr also.

### American vs European billion by Rosita Leo

1. In the United States—as well as around the world in science and finance—a billion is 1,000 million, which is written as a one followed by nine zeros. This is also called the short scale. There is also a long scale, which is used in France and was previously used in the United Kingdom, in which a billion means one million million
2. Million, Milliarde, Billion: Eigentlich ist das eine logische Abfolge. Für uns. In anderen Teilen der Welt sieht das ganz anders aus, dort wird die Milliarde gern ausgelassen. Warum
3. Fremdsprachen. Eine Trillion (dt.) entspricht in US-amerikanischer Sprache der quintillion. Das amerikanische trillion hingegen entspricht der deutschen Billion.. Im Britischen Englisch wird es aufgrund des amerikanischen Einflusses sowohl für 10 12 als auch traditionell für 10 18 gebraucht (siehe Lange und kurze Skala).Daher ist bei Übersetzungen aus dem Englischen Vorsicht angebracht
4. A trillion is a number with two distinct definitions: 1,000,000,000,000, i.e. one million million, or 10 12 (ten to the twelfth power), as defined on the short scale. This is now the meaning in both American and British English. 1,000,000,000,000,000,000, i.e. 10 18 (ten to the eighteenth power), as defined on the long scale

The biggest American and Asian tech firms created since 2000 raised an average of about \$7.3 billion, while the European equivalent was \$1.6 billion, according to a report by the advisory and. Million vs. Billion vs. Trillion. What really is a million, or a billion? My friend Pat Singleton put this into perspective for me in terms I could really grasp. 1 million seconds equal 11 and 1/2 days. 1 billion seconds equal 31 and 3/4 years. 1 trillion seconds equal 31,710 years. Thanks for stopping in for the million/billion/trillion answer Brazil has the ninth-largest economy in the world and the largest in Latin America with a nominal GDP of \$1.85 trillion. Brazil is also the largest and most populous nation in Latin America. Brazil has the world's 73rd highest per capita GDP of \$8,967 and a GDP (PPP) of \$2.40 trillion. The country has an estimated \$21.8 trillion in natural resources, which includes vast amounts of timber.

### Why are the UK and American billions different

• al GDP figures: China, the European Union, the United States of America, and Japan
• Well it seems that UK is still on the same page vs the Euro... This is the round 2. Let's see what happens. But please God, let the people get out of this on..
• To Americans and the French, a billion means a thousand millions (1,000,000,000, or 10 to the ninth, what some British call a milliard, a term that seems never to have been widely accepted)

### Billion - Wikipedi

1. TOTAL NET WORTH: \$38.3 billion vs \$26.2 billion in 2020. Andreas Halvorsen, of the aptly named Viking Global Investors, is Norway's richest person, with an estimated net worth of \$6.3 billion.
2. A million is 10 6, or 1,000,000.A billion is one thousand million, or 1,000,000,000 (10 9).This is the common usage in English-speaking countries and is called the short scale.Countries in continental Europe and Latin America use the long scale where a billion is a million millions (10 12).. The word billion originated from French word bi- (two) + -illion; i.e. a million million
3. British English has now adopted the American figure, though, so that a billion equals a thousand million in both varieties of English. The same sort of change has taken place with the meaning of trillion. In British English, a trillion used to mean a million million million (i.e. 1,000,000,000,000,000,000). Nowadays, it's generally held to be equivalent to a million million (1,000,000,000,000.
4. How many millions is a Billion? & How many billions is a Trillion?Ok, we know we all need to take a moment to get our heads around this one.http://www.gettin..
5. Bank of America said on Thursday it will deploy \$1 trillion for its environmental business initiative to push for green finance by 2030, expanding on the \$300 billion it had announced for the same.

Mapped: America's \$2 Trillion Economic Drop. It only took a handful of months for the U.S. economy to reel from COVID-19's effects. As unemployment rates hit all-time highs and businesses scrambled to stay afloat, new data shows that current dollar GDP plummeted from nearly \$21.6 trillion down to \$19.5 trillion between Q1'2020 and Q2'2020 (seasonally adjusted at annual rates) The American Rescue Plan serves as an initial investment of \$10 billion. With this new major investment in preventing future pandemics, the United States will build on the momentum from the. In One Chart Fed sees record \$756 billion demand for reverse repo program and may hit \$1 trillion Last Updated: June 17, 2021 at 5:02 p.m. ET First Published: June 17, 2021 at 4:33 p.m. E Until the 1970s, when the United Kingdom officially adopted the American definition of billion, this word represented 10 12 in British English. This difference resulted from the emergence of two competing systems for naming large numbers. A fifteenth-century mathematician, Nicolas Chuquet, established one system by combining Latin numerical prefixes bi-, tri-, etc.) with the suffix -illion to.

US vs EU - Comparing Land Area . Before we compare the US with the EU on different GDP indicators, let us compare the size of the two in terms of the land area. The US has a total land area of 9.1 million sq km. The EU has a total land area of 4.3 million sq km. The US land area is double than that of the EU total land area. The US land area is over 14-times more than the land area of France. Million to Billion to Trillion: Comparison. When you're dealing with numbers as big as one million, one billion, or one trillion, it can be hard to conceptualize exactly how big each number is. Let's put them into more of a context: One million is one thousand thousand. If you stacked one million pennies on top of each other, the tower would be about a mile high. If you divided one million.

On this page, you can convert numbers between billion and trillion. Enter the value you want to convert, and leave the target field blank. Result window. Get our all-in-one calculator app to use this number converter offline. Conversion formula. 1 trillion = 1000 billions. Cutting U.S. military spending from 3.5 percent of GDP to 2 percent would shave off about \$300 billion from federal spending, or about \$3 trillion over the next 10 years. Depending on which expert. Get ready for a surprise. According to OECD statistics, the United States spends 3.3 percent of its GDP (2006-2011) on infrastructure investment versus the European Union's 3.1 percent. With. We have the vision, we have the plan, and we have agreed to invest 750 billion euro together. It is now time to get to work, to make Europe greener, more digital and more resilient. The largest stimulus package ever. The EU's long-term budget, coupled with NextGenerationEU, the temporary instrument designed to boost the recovery, will be the largest stimulus package ever financed in Europe. Germany, the largest economy in the EU, added \$4.5 trillion. China has been the world's largest economy since 2017, when it took the top spot from the EU. Still, China's growth rate has slowed to single digits as its leaders attempt to head off an asset bubble through reform. So it's unlikely that the Chinese yuan will replace the dollar as the world's reserve currency anytime soon. The dollar.

While the top 1% of Americans have a combined net worth of \$34.2 trillion, the poorest 50% — about 165 million people — hold just \$2.08 trillion, or 1.9% of all household wealth Trade between the United States and European Union is worth over \$1.1 trillion a year — the largest bilateral relationship anywhere in the world. US goods and services worth \$528 billion were. A billion seconds is 31 years. A trillion seconds is 31,688 years. A million minutes ago was - 1 year, 329 days, 10 hours and 40 minutes ago. A billion minutes ago was just after the time of Christ. A million hours ago was in 1885. A billion hours ago man had not yet walked on earth. A million dollars ago was five (5) seconds ago at the U.S. Treasury. A billion dollars ago was late yesterday.

A further explanation and related links can be found in More on Millions and Billions. The system described below as the British system is no longer in use in the UK. Penny. It depends where you live. In the American system one billion is 1,000,000,000 and a trillion is 1,000,000,000,000 so one trillion is one thousand times one billion The American Society of Civil Engineers (ASCE) has compiled regular report cards on the state of U.S. infrastructure since the 1980s. In its 2017 report, the ASCE found that the nation's. U.S. and European firms face \$1 trillion in costs to relocate their Chinese supply chains, BofA says Published Tue, Aug 18 2020 8:20 AM EDT Elliot Smith @ElliotSmithCNB Global Logistics Market to Reach US\$15.5 Trillion by 2023; Research Report Published by Transparency Market Research News provided by. Transparency Market Research Oct 19, 2016, 10:30 ET. Share. The European Union has proposed a recovery fund worth 750 billion euros, or \$825 billion, to help countries weather a painful recession triggered by the coronavirus. ABC News looks at how America.

Thus billion was 2 millions multiplied or 1 000 000 2 (10 12), trillion meant 1 000 000 3 (10 18), quadrillion meant 1 000 000 4 (10 24), and so on. European scientists began to change this by a factor of 10, and Americans followed, so that 1 billion became 1 000 000 000 1000 million, or 10 9 ), and the rest of the sequence was similarly changed to 10 12 and 10 18 Here is a quotation from the style guide of The Economist, my favourite British publication: Use m for million, but spell out billion,except in charts, where bn is permissible but not obligatory. Thus: 8m, £8m, 8 billion, €8 billion.A billion is a thousand million, a trillion a thousand billion, a quadrillion a thousand trillion. Use 5,000-6,000, 5-6%, 5m-6m (not 5-6m) and 5 billion-6 billion Europe's Top Merchant Acquirers Europe's eight largest merchant acquirers ranked by payments generated by both global brands (Visa, Mastercard, American Express, Diners Club, UnionPay and JCB) and domestic market-only brands (Mir, Troy, etc.) totaled 70.53 billion in 2020, up 20.9% from 2019 Trade in services 2017-2019, € billions Year EU imports EU exports Balance; 2017: 193.1: 174.1-19.0: 2018: 199.0: 184.8-14.2: 2019: 221.5: 205.0-16.5: EU-USA: Foreign direct investment . Foreign direct investment 2019, € billions; Year Inward stocks Outward stocks Balance; 2019: 2003.1: 2161.5: 158.3: Unless otherwise mentioned EU concerns for all indicated years the current European.

Zo gebruikten veel Britten thousand million voor miljard, billion voor biljoen en trillion voor triljoen. Deze verschillen zijn vrijwel weggevallen in het hedendaags Engels. Nota bene: in het Engels wordt de komma gebruikt als scheidingsteken voor duizendtallen. Een billion (miljard) schrijf je dus als 1,000,000,000. Leuk om te weten. Een googel is een 1 met honderd nullen, ook wel tienduizend. The United States' trade with Mexico and Canada was worth about the same amount (US\$1.12 trillion). Intra-regional trade was most pronounced in Europe. In 2019, 68 per cent of all European exports were to trading partners on the same continent. In Asia, this rate was 60 per cent. By contrast, in Oceania, Latin America and the Caribbean. Global payments revenues swelled to \$1.9 trillion in 2017, the best single year of growth in the last five years (Exhibit 1).In last year's report, we forecast that payments would become a \$2 trillion business by 2020.Indeed, 2017's market performance was so robust—its 11 percent growth rate fueled by continuing strength in the Asia-Pacific corridor—that global revenues are poised to. The Institute for Policy Studies' latest Billionaire Bonanza report on wealth inequality shows the 643 wealthiest Americans have raked in a whopping \$845 billion in combined assets between March.

### Is trillion the new billion? - BBC New

• Here's what's in each proposal, and how the White House plans to pay for it. American Families Plan. The plan includes \$1 trillion in spending on families and education while also providing \$800.
• European Union. On August 21, 2020, United States Trade Representative Robert Lighthizer and then-EU Trade Commissioner Phil Hogan announced that the United States and the EU had agreed to a package of tariff reductions that will increase market access for hundreds of millions of dollars in U.S. and EU exports
• -70% to -75% Loss of international tourist arrivals. Loss in international tourism receipts US\$ 1.1 trillion. International tourism could plunge to levels of 1990s
• The American Rescue Plan Act is estimated to cost over \$1.9 trillion through 2031, but the ultimate price tag could be twice as high if some of the policies in the bill are extended beyond their current expiration dates. The bill includes several extensions of tax credits that supporters have previously proposed on a permanent basis and several temporary economic relie

### Millionen, Milliarden und Billione

Question: The United States of America's National Debt as of November 9th, 2009 at 12:00 noon Eastern Time was \$12,005,269,197,960. Say this number out loud. Answer: twelve trillion, five billion, two hundred sixty-nine million, one hundered ninety-seven thousand, nine hundred sixty dollars. Note (for the teacher): it is important to have students practice saying very large (and very small. Barclays, Citigroup, JP Morgan, MUFG and Royal Bank of Scotland were fined a combined 1.07 billion euros (\$1.2 billion) by the European Union on Thursday for rigging the multi-trillion dollar.

Currency Exchange Rates - International Money Transfer | X The life and times of ECB quantitative easing, 2015-18. LONDON (R) - An era of extraordinarily easy monetary policy in the euro zone is drawing to a close as the European Central Bank is set.

310 million: The US has pledged an additional \$310 million in economic assistance to help Honduras, El Salvador, and Guatemala stem the flow of Central American migrants to the US southern border. Migrant arrivals from the Northern Triangle countries have been steadily growing since the beginning of the year. 1 trillion: Global military spending rose to almost \$1 trillion last year, up 2.6. The USA meaning of a billion is a thousand million, or one followed by nine noughts (1,000,000,000). Increasingly in this country we are using the USA meaning of a billion for these big numbers, and a trillion for the old UK meaning of one followed by twelve noughts. The UK government has been using the American meaning of billion since 1974. Europeans in the Eurozone alone have 4.7 trillion euros on current accounts earning no interest. The top offers suggest that, unless they're moving money out of the big banks, they're losing tens of billions. In face of the coronavirus pandemic, many people don't want to lock their savings away right now for the longer term, but fixed-term deposits of 1-year and less still offer.

### Billionen von Dollar oder Milliarden von Euro

Next Generation EU, which is at the heart of Europe's recovery plan, is part of the institution's long-term budget for 2021-27, set at €1.8 trillion, or about \$2 trillion Preventable trauma in childhood costs north America and Europe US\$ 1.3 trillion a year. 04-09-2019. WHO/Malin Bring. Every child should have every opportunity to live a healthy and meaningful life. Jonathon Passmore, WHO/Europe . The findings of a new study on the life-course health consequences and associated annual costs of adverse childhood experiences (ACEs) show that preventable trauma in.

### How Big Are Millions, Billions, and Trillions

is expected to surpass USD 4.6 trillion globally by 2022, with 140 online payment methods in use today. According to the report, e-wallets have gained a lot of popularity thanks to the seamless experience they provide. Online banking payments are also in the spotlight, as they are convenient for both consumers and merchants, while cash is still king at the POS. As more studies like this have. 1 million dollars is 3 cents per household. 1 billion dollars is \$3.28 per person and \$9 per household. 1 trillion dollars is \$3,280 per person and \$9,000 per household. They measure a trillion in. Trillion is one thousand thousand million (1,000,000,000,000), where as Million is 0.000001 trillion (1,000,000). 1 Trillion is equal to 1000000 Million. This free online number conversion calculator helps you to convert between trillion to million. Enter the number in the trillion box and the calculator will automatically convert the number into million for you Un trillion est ainsi égal à 1 000 000 3, d'où le terme, formé de tri-et de million. Mille trillions est égal à un trilliard (10 21). Dans le Système international d'unités, trillion est noté par le préfixe E Échelle courte. Billet de 100 trillions de dollars zimbabwéens (échelle courte). Le nombre correspond à 100 billions dans l'échelle longue. Dans les pays utilisant l.

### Zahlennamen - Wikipedi

As proposed, the American Jobs Plan: Involves a nearly \$2.3 trillion, 8-year investment paid for with increased corporate taxes over 15 years. Is expected to create millions of prevailing-wage jobs billion-dollar grave [Am.] Milliardengrab {n} fin. pol. billion-dollar refund: Milliardenrückzahlung {f} [einen Dollarbetrag] econ. fin. multi-billion investment: Milliardeninvestition {f} fin. Unverified multi-billion loan [in francs, dollars or Euros, etc.] Milliardenkredit {m} [in Franken, Dollar oder Euro, usw.] fin. multi-billion losses. The Gross Domestic Product (GDP) in European Union was worth 15592.80 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of European Union represents 13.39 percent of the world economy. GDP in European Union averaged 7272.97 USD Billion from 1966 until 2019, reaching an all time high of 16236.80 USD Billion in 2008. U.S. investors pushed equity funds to their fourth consecutive quarter of plus-side performance in Q1 2021. Investors embraced the \$1.9 trillion stimulus package signed into law by President.

### Milliarden vs. Billionen: Große Zahlen Sprachlo

The bipartisan proposal, led by Portman and Sen. Kyrsten Sinema (D-Ariz.), that was detailed last week offers an infrastructure plan that costs about \$973 billion over five years or \$1.2 trillion. The American Rescue Plan serves as an initial investment of \$10 billion. With this new major investment in preventing future pandemics, the United States will build on the momentum from the. You may have heard millions and billions quite often. Have you thought about trillions? Becoming a trillionaire is no easy job. Having this much money is equivalent to unbelievable amount of wealth. A trillion is such a huge number followed by twelve zeros. That is one thousand times a billion. As of today, there ar In February this year, the European Union's law enforcement agency Europol said it was investigating the fixing of 680 matches across the world - in Europe, Asia and South America

### Warum sagt man in Amerika zu einer Milliarde Billion wenn

Wie aus 0,01 Euro 9 Milliarden Billionen Trillionen Euro werden. 0,01 Euro zu einem Zinssatz von 5% bei Geburt Jesus angelegt wäre heute so viel Wert wie folgende Anzahl erdengrosser Kugeln aus purem Gold: Unvorstellbar? Mit einer einfachen Methode und ohne eine Formel zu benutzen, kann man die exponentielle Funktion des Zinseszins geistig. The EU authorized a 750 billion euro (\$910 billion) common recovery fund package and a 1.1 trillion euro (\$1.3 trillion) seven-year budget focused on restoring the economy of its 27 member states Én trillion er også det samme som tusen billiarder eller én million billioner. I land som bruker échelle courte, som de fleste engelsk- og arabisktalende land, tilsvarer én trillion 10 12, det vil si et ettall etterfulgt av tolv nuller. Dette tilsvarer én billion for land som bruker échelle longue, som Norge og de fleste andre europeiske. Man sues BofA for 1,784 billion, trillion dollars By Joe Rauch. 2 Min Read . NEW YORK (R) - Dalton Chiscolm is unhappy about Bank of America's customer service -- really, really unhappy.

### How Many Zeros Are in a Million, Billion, and Trillion

CNN —. Thousands of American Indians are now in line to receive part of a \$3.4 billion settlement with the federal government, ending a long-running dispute over government mismanagement of. According to GFI's report, the global market in cocaine is valued at between \$94 billion and \$143 billion, an increase from an estimated \$88 billion in 2008. This makes the cocaine market the second largest drug market after that of cannabis (valued at between \$183 billion and \$287 billion). Colombia and Peru have alternated as the top cocaine producer country over past decades due to. The American Society of Civil Engineers (ASCE) has compiled regular report cards on the state of U.S. infrastructure since the 1980s. In its 2017 report, the ASCE found that the nation's. In 1973, Ireland joined the European Economic Union (EEC) and followed its own liberal economic policies that gave its economy a headway that continued to 2007 but the world economy suffered a tailspin in 2008. However with recovery, Ireland and Germany were graded by the United Nations as the sixth most developed nations in the world. Its estimated GDP PPP total as of 2016 is \$272.867 billion.

### Frage & Antwort: Warum ist die englische Billion keine

It consists of about \$1 trillion in investments and \$800 billion in tax cuts for American families and workers. Alongside the American Families Plan, the President will be proposing a set of. America's third largest state - New York with a GDP in 2014 of \$1.4 trillion - produced the same amount of economic output last year as Spain (\$1.4 trillion), even though Spain's. Global retail ecommerce sales will decelerate to a 16.5% growth rate in 2020. Even as consumers transitioned en masse to ecommerce during the pandemic, the drag caused by multiple recessions internationally has reduced the overall outlook

American's spent around \$930 billion USD on domestic travel in 2018. In 2017 the amount spent on summer vacations was around \$101.1 billion USD, up from \$89.9 billion in 2016. \$1.1 Trillion / \$1,089 Billion: Yearly U.S. travel and tourism expenditure (\$932.7b domestic / \$156.3b international) European Union: \$900 billion: France: \$134 billion: Germany: \$192 billion: India: \$117 billion: Japan: \$253 billion: United Kingdom: \$137 billion: United States: \$1.0 trillion: UNITED STATES People of Color Hold a Growing Share of Buying Power in the American Economy 11. Buying Power in the United States by Race/Ethnicity 12. Share of US Population (2019) Share of Buying Power (2019) Buying. While practice may differ for other currencies, the plural of euro is euro (without 's'): an amount in euro a sum in pounds sterling When to use the ISO code Text. When the monetary unit is accompanied by an amount, use the ISO code 'EUR' followed by a hard space and the amount in figures (compulsory in all legal texts): The amount required is EUR 12 500. A difference of EUR 1 550 has. \$150-\$200 billion; \$100-\$150 billion; \$50-\$100 billion; \$0-\$50 billion; N/A; Analyse Sector. Select a sector to view its investment forecasts. Energy Telecommunications Transport: Airport Transport: Ports Transport: Rail Transport: Road Water Analyse Region. Select a region to view its investment forecasts. List; Map; Africa; Americas; Asia; Europe; Oceania; World; Use the map to select a. The American state with the biggest economy is California, which, in 2015, produced \$2.44 trillion of economic output. Its GDP compares favourably to that of France, which produced \$2.42 trillion during the same period. Particularly interesting to note is the fact that California has 6 million fewer workers than France, yet produced a little over its GDP. This suggests that, in productivity. U.S. pharma sales exceeded 500 billion U.S. dollars for the first time in 2020. Emerging markets recently passed Europe as the second-largest region

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