Why is gasoline weighted more heavily than tomatoes in a calculation of the annual inflation rate in the United States?

A: Gasoline costs more to produce and purchase than tomatoes.
B: Gasoline is imported from other nations at a higher rate than tomatoes.
C: Americans purchase many more boxes of tomatoes than barrels of gasoline.
D: Americans spend more money on gasoline than tomatoes, on average.

Respuesta :

Answer:

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

Explanation:

The key reason behind the gasoline weighing more in comparison to the tomatoes during the calculation of the yearly inflation rate is the people of the United States spending more money on gasoline than tomatoes. The increasing demand for gasoline in comparison to lesser supply causes the price hike and increase in the inflation rate. Thus, option D is the correct answer.

In the annual inflation rate, gasoline weighted more heavily than tomatoes since. D: Americans spend more money on gasoline than tomatoes, on average.

What is annual inflation rate?

The annual inflation rate can be regarded as the rate of increase in prices over a given period of a year.

In United State, gasoline weighted more heavily than tomatoes in their annual inflation rate  since, more money is spent on gasoline.

Learn more about annual inflation rate at;

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