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RBA Glossary definition for billion

billion – One thousand million.

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Conclusion

22 Mar 2023 RDP 2023-03
Jonathan Hambur and Dan Andrews
Accounting only for the very direct effect this would have in lowering aggregate MFP, our estimates suggest that in 2017 GDP was around $13 billion, or $550 per person, lower than
https://www.rba.gov.au/publications/rdp/2023/2023-03/conclusion.html

Introduction

22 Mar 2023 RDP 2023-03
Jonathan Hambur and Dan Andrews
firms been larger, by 2017 the economy would have been $13 billion (or per cent of GDP) larger, equating to around $550 per person or $1,000 per worker.
https://www.rba.gov.au/publications/rdp/2023/2023-03/introduction.html

Aggregate Implications

22 Mar 2023 RDP 2023-03
Jonathan Hambur and Dan Andrews
This equates to output being around $13 billion lower than it would have been otherwise, and incomes being around $550 lower per capita or $1,000 per worker (in 2017 dollars).
https://www.rba.gov.au/publications/rdp/2023/2023-03/aggregate-implications.html

Doing Less, with Less: Capital Misallocation, Investment and the Productivity Slowdown in Australia

22 Mar 2023 RDP 2023-03
Jonathan Hambur and Dan Andrews
firms been larger, by 2017 the economy would have been $13 billion (or per cent of GDP) larger, equating to around $550 per person or $1,000 per worker.
https://www.rba.gov.au/publications/rdp/2023/2023-03/full.html

Non-technical summary for ‘Doing Less, with Less: Capital Misallocation, Investment and the Productivity Slowdown in Australia’

22 Mar 2023 RDP 2023-03
Jonathan Hambur and Dan Andrews
Simple back-of-the-envelope calculations suggest that if the flow of labour and capital to more productive firms had not slowed, the economy would have been around $13 billion, or
https://www.rba.gov.au/publications/rdp/2023/2023-03/non-technical-summary.html