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? gasoline costs more to produce and purchase than tomatoes. gasoline is imported from other nations at a higher rate than tomatoes. americans purchase many more boxes of tomatoes than barrels of gasoline. americans 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? gasoline costs more to produce and purchase than tomatoes. gasoline is imported from other nations at a higher rate than tomatoes. americans purchase many more boxes of tomatoes than barrels of gasoline. americans spend more money on gasoline than tomatoes, on average.

Answer

Brief Explanations:

The weights in inflation - rate calculations are based on the proportion of consumer spending. Items on which consumers spend more money have a higher weight. Americans generally spend more on gasoline than tomatoes, so gasoline has a heavier weight in the inflation - rate calculation.

Answer:

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