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.

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Social Studies

Beckett Valencia

9 June, 07:23

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.

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Jerry Weaver · 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