I can work to a tenth with floppy piece of sandpaper, but that is a little different than creating a CAD model and then manufacturing the part to within a tenth of the model dimensions.
And how many of the 'we who work to a tenth' could make that bearing?
So can Sketchup. It uses floating point data which means it can describe geometry about 1 million times more precise than anything you could make.
One would hope so for most calculations. However it is kind of pointless to pump out G-code that is lot more precise than the machine tool positioning capability.
People have been making things flat or round to that level of precision for ages.