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> Other countries also have different population numbers. To take a random example, why would e.g. Uruguay (population 3.5M) buy as much from the US (population
by rayiner 2y ago
> Other countries also have different population numbers. To take a random example, why would e.g. Uruguay (population 3.5M) buy as much from the US (population 100x) as the US is able to buy from them
Because the U.S. can buy from Uruguay only as much as 3.5 million people in that country can produce.
- jethro_tell 2y agoSo, we aren’t factoring in natural resources and the different values they have either then?
- rtkwe 2y agoFirst we don't import any where near all of Uruguay's exports, in fact we're only about 8% of their actual exports which should tell you this isn't the reason we buy more from them than they do from us. Next that's always going to be imbalanced because they produce goods cheaper and can't afford as much as the equivalent chunk of people in the US.