Fifteenth and Sixteenth Century Voyages of Exploration Were Facilitated Mainly

question 2

Multiple Choice

Fifteenth and sixteenth century voyages of exploration were facilitated mainly by

• A) European curiosity about other peoples.
• B) the determination to obtain more farming land for a growing population.
• C) the individual explorers' hopes of enrichment.
• D) the discovery that the Earth was in fact a sphere without "ends."
• E) new technology.

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Definitions:

Real GDP

The calculation of a nation's total economic production factoring in adjustments for price fluctuations, either inflationary or deflationary.

Growth Rate

The measure of the increase in a particular variable, such as GDP or population size, over a specific period of time, usually expressed as a percentage.

Nominal GDP

The gross domestic product measured in current market prices, without adjustment for inflation.

Real GDP

The total market value of all final goods and services produced in an economy in a year, adjusted for inflation, reflecting the actual economic output.