Mercantilists Promoted Colonization as a Means to Acquire the Inexhaustible

question 26

True/False

Mercantilists promoted colonization as a means to acquire the inexhaustible wealth of the New World.

---

Definitions:

CPI

Stands for Consumer Price Index, which measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.

GDP Deflator

A benchmark for evaluating the price levels of all new, home-produced, end-use goods and services within an economic system.

Price Index

A measure that examines the weighted average of prices of a basket of consumer goods and services over time.

Inflation Rate

The percentage rate at which the general level of prices for goods and services is rising annually.