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RBA Glossary definition for billion

billion – One thousand million.

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The Well-meaning Economist

1 Sep 2019 RDP 2019-08
Adam Gorajek
λ. Figure 3: Loss Function Examples. For a hypothetical fitted value of US$2 billion in trade.
https://www.rba.gov.au/publications/rdp/2019/2019-08/full.html

Good Justification Comes from the Application

11 Sep 2019 RDP 2019-08
Adam Gorajek
λ. Figure 3: Loss Function Examples. For a hypothetical fitted value of US$2 billion in trade.
https://www.rba.gov.au/publications/rdp/2019/2019-08/good-justification-comes-from-the-application.html