Roughly how much does Australia spend on Olympic funding per medal won?
-
1 million dollars
-
4.4 million dollars
-
500,000 dollars
-
9.2 million dollars
D
Correct answer
Explanation
Following the 2016 Rio Olympics, analyses showed that Australia's funding of Olympic sports (approximately 340 million dollars over the four-year cycle) equated to roughly 9.2 million dollars for each of the 29 medals won. This high cost sparked significant debate about the efficiency of sports funding in the country.