Hello,

More of my philosophy about the sectors of the economy and about the reasons for the high cost of living of western countries and about European Union and about USA and about balance of trade and the big firms and about the balance of imports and exports and about capitalism and about AI and employment and about philosophy and about regression to the mean and about the definition of what is human identity and about the deeper understanding of the kinds of human identity and more of my thoughts..

I am a white arab from Morocco, and i think i am smart since i have also
invented many scalable algorithms and algorithms..

So I think i am highly smart since I have passed two certified IQ tests and i have scored above 115 IQ, and i mean that it is "above" 115 IQ, so i invite
you to read the following data for the services sector of USA in percentage of GDP and i invite you to discover an important pattern with your fluid intelligence in it, and here is the data:

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"Value added in the Exports as a percentage of GDP:
$162 billion (exports) / $23.32 trillion (GDP) * 100 ≈ 0.69%

Imports as a percentage of GDP:
$251 billion (imports) / $23.32 trillion (GDP) * 100 ≈ 1.08%

For that indicator, we provide data for the USA from 1997 to 2021. The average value for the USA during that period was 75.24 percent with a minimum of 71.81 percent in 1997 and a maximum of 78.14 percent in 2020. The latest value from 2021 is 77.6 percent."

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So i will now discover rapidly an important pattern with my fluid intelligence in it, and it is first to notice that USA is vastly a self-sufficient economy , and you can read the following so that to notice it:

Exports of USA as a percentage of GDP:
$162 billion (exports) / $23.32 trillion (GDP) * 100 ≈ 0.69%

Imports of USA as a percentage of GDP:
$251 billion (imports) / $23.32 trillion (GDP) * 100 ≈ 1.08%

So you are noticing that USA is vastly a self-sufficient economy,
but the philosophical question is: how can the economy of USA works
correctly with a services sector of 77.6 percent of GDP ? i mean that
there has for example to be a balance of values in terms of exchange of value of money between the services sector and the other sectors , so it is why i think that the important pattern to discover is that i think that generally, the raw materials that are widely available and have large-scale production tend to be lower in cost compared to scarce or difficult-to-obtain materials, and it can be the same for other sectors that transform the materials into more final or final products, i mean that they can be low cost, so i think that it is the way that balances the services sector and the other sectors so that the economy can work by exchanging between those sectors with the value of money that represent the value of the product or service of the sectors, other than that, there is another pattern that i can logically infer from it, and it is that when the economy is not self-sufficient and it is not well diversified and the exports are appreciable in percentage of GDP, so you have to make the exports a "resilient" economy , since you can be in a competitive market that is risky, so you have to think about making the exports resilient without making the economy well diversified,
or there is the other way of making the economy well diversified that can take much more time.

I have just said that western countries have a high cost of living compared to arab countries that have a lower cost of living, and here is why:

- Economic Development: Western countries, such as the United States, Canada, and those in Western Europe, tend to be highly developed economies with advanced infrastructure, technology, and industries. This higher level of development often translates to higher costs for goods and services.

- Currency Strength: The strength of a country's currency can affect the cost of living for foreigners. Western countries often have stronger currencies relative to Arab countries, which can make imported goods and services more expensive.

- Education and Healthcare Systems: Western countries often have well-established and advanced education and healthcare systems, which come with higher costs. These expenses can contribute significantly to the overall cost of living.

- Labor Costs: Labor costs in Western countries are generally higher due to higher wages and better labor standards. These costs can be reflected in the prices of goods and services.

- Housing Costs: The cost of housing in Western countries is often higher due to various factors, such as urbanization, population density, and demand for housing in metropolitan areas.

- Transportation: Western countries often have well-developed transportation systems, but they can come with higher costs in terms of fuel prices, public transportation fees, and tolls.

- Taxation: Taxation policies can differ between Western and Arab countries, which can affect disposable income and, subsequently, the cost of living.

- Subsidies and Government Policies: Some Arab countries provide subsidies for essential goods and services, which can help keep costs lower for their citizens. In contrast, Western countries might have different approaches to social welfare and public services.

And i invite you to read all my previous thoughts so that to understand my views:

So i think we have to be smart, so as you are noticing, i have just spoken about the balance of trade in percentage of GDP in for example USA
and France, so for example i have just spoken about some important advantages of the USA economy etc., but there is still an important thing
that i have to talk about, and it is the cost of living, so the cost of living
in Western countries is high, but the cost of living in my country Morocco
is low , so it is at index 64, but for example USA has a high cost of living at index 17 and Israel has a really high cost of living at index 5, so i think you have to visit Morocco my country since it has a low cost of living and it is beautiful to visit, and here is the index of cost of living of many countries around the world, look at it carefully here:

https://www.worlddata.info/cost-of-living.php#:~:text=Comparison%20of%20worldwide%20cost%20of,representative%20baskets%20of%20consumer%20goods.

I think the balance of trade in European Union countries is different from USA , since USA trade, in general, plays a relatively small role in the overall USA economy , read about it in my below previous thoughts, and the low percentage of imports and exports as a portion of GDP indicates that USA economy is relatively self-sufficient and well-diversified, but in European Union countries the imports and exports can be of a much bigger percentage of GDP, so let's us for example take a look at the balance of trade of France in percentage of GDP so that to notice it:

Imports of goods and services (% of GDP) in France was reported at 38.20 %

Exports of goods and services (% of GDP) in France was reported at 34.01 %

And according to the estimate, the trade deficit (goods) in France reached almost EUR 160 billion in 2022, after 85 billion in 2021. This sharp deterioration is mainly due to the rise in the prices of French energy imports, including oil.

So i have just updated a little bit my below previous thoughts, so i invite you to reread them:

So i think i was just right about the balance of trade of USA , and here is what has just answered me ChatGPT about it:

So my just new question to ChatGPT is the following:

"So from the following balance of trade of USA, we notice that the imports and exports are of a really small percentage of GDP , so what does it means?:

About. Overview In April 2023 United States exported $162B and imported $251B, resulting in a negative trade balance of $88.3B. Between April 2022 and April 2023 the exports of United States have decreased by $-10.7B (-6.19%) from $173B to $162B, while imports decreased by $-22.4B (-8.21%) from $273B to $251B

And the GDP of USA is 23.32 trillion USD (2021)"

And here is what has just answered me ChatGPT:

"The data you provided indicates that the United States has a negative trade balance, meaning it is importing more goods and services than it is exporting. The negative trade balance in April 2023 amounted to $88.3 billion. Additionally, the data shows a decrease in both exports and imports between April 2022 and April 2023.

To analyze the significance of the trade balance as a percentage of GDP, let's calculate the percentages based on the data:

Exports as a percentage of GDP:
$162 billion (exports) / $23.32 trillion (GDP) * 100 ≈ 0.69%

Imports as a percentage of GDP:
$251 billion (imports) / $23.32 trillion (GDP) * 100 ≈ 1.08%

The results indicate that both exports and imports are relatively small compared to the size of the US GDP. Both values are less than 2% of the GDP. This suggests that trade, in general, plays a relatively smaller role in the overall US economy.

A low percentage of trade relative to GDP may indicate that the US economy is largely self-sufficient in many areas and can produce a significant portion of its needs domestically. It might also suggest that the US economy is highly diversified and not overly reliant on external trade for its growth and stability.

However, it's important to note that the trade balance and its impact on the economy are complex. A negative trade balance can have both positive and negative implications, depending on various economic factors and government policies. For instance, importing goods can provide consumers with access to a wider variety of products and potentially lower prices, while exporting can boost economic growth and create jobs in specific industries.