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.

Question

Social Studies

Amira

22 April, 20:52

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.

+1

Answers (1)

Know the Answer?

Theresa Freeman · Answer 1

the reason why gasoline weighted more heavily than tomatoes in a calculation of the annual inflation rate in the united states is: gasoline costs more to produce and purchase than tomatoes So, when the price of gasoline fall, the economic impact that a nation felt will be much bigger than the impact that we feel when tomatoes' price fall