The U. S. TV series Survivor has awarded a $1 million check to the show's winner for more than 30 seasons, dating back to 2000. Which of the following is true about that top prize?

Question

Arts

Sterling Vega

5 August, 17:45

The U. S. TV series Survivor has awarded a $1 million check to the show's winner for more than 30 seasons, dating back to 2000. Which of the following is true about that top prize?

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Answers (1)

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Maya Shaw · Answer 1

A) It has remained constant, since it is a real price of $1 million.

B) It has decreased in value, since there has been overall inflation in the U. S. since 2000.

C) It has increased in value, since there has been deflation in several years since 2000.

D) Nothing can be concluded about the top prize without knowing the specifics of the show's rules.

Answer:

B) It has decreased in value, since there has been overall inflation in the U. S. since 2000.

Explanation:

Since the amount of the price has remained constant since 2000 and there have been inflation that is an increase in the price of goods and services, today you can't buy the same things that you were able to get with that amount in 2000 as the prices have increased which means that the prize has decreased in value. According to this, the answer is that the top prize has decreased in value, since there has been overall inflation in the U. S. since 2000.