Computer storage and memory are often measured in megabytes (MB) and gigabytes(GB). A medium-sized novel contains about 1 MB of information. 1MB is 1,024 kilobytes, or 1,048,576 (1024×1024) bytes, not one million bytes. … As a result, 1 MB is defined as one million bytes, 1 GB is defined as one billion bytes, and so on. Jan 7, 2013 (https://kb.iu.edu/d/ackw)
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Sources:
https://kb.iu.edu/d/ackw
http://www.techadvisor.co.uk/feature/storage/how-many-mbs-are-in-gb-storage-memory-jargon-explained-3573411/
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