Half a million dollars is equivalent to 500 thousand dollars. This is because one million dollars is made up of 1,000 thousand dollars. Therefore, half of 1,000 thousand dollars is 500 thousand dollars.
To break it down further:
- 1 million dollars = 1,000 thousand dollars
- Half of 1 million dollars = 500 thousand dollars
So, if you have 500 thousand dollars, you have half a million dollars.