why is gasoline weighted more heavily than tomatoes in a calculation of the annual inflation rate in the…

why is gasoline weighted more heavily than tomatoes in a calculation of the annual inflation rate in the united states?\ngasoline costs more to produce and purchase than tomatoes.\ngasoline is imported from other nations at a higher rate than tomatoes.\namericans purchase many more boxes of tomatoes than barrels of gasoline.\namericans spend more money on gasoline than tomatoes, on average.

why is gasoline weighted more heavily than tomatoes in a calculation of the annual inflation rate in the united states?\ngasoline costs more to produce and purchase than tomatoes.\ngasoline is imported from other nations at a higher rate than tomatoes.\namericans purchase many more boxes of tomatoes than barrels of gasoline.\namericans spend more money on gasoline than tomatoes, on average.

Answer

Brief Explanations:

The Consumer - Price Index (CPI) weights items based on the amount of money consumers spend on them. Since Americans, on average, spend more money on gasoline than tomatoes, gasoline has a higher weight in the inflation - rate calculation.

Answer:

Americans spend more money on gasoline than tomatoes, on average.