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So no actual historical amount of cultivated land was taken into account in my opinion.
As for the starting buff to European countries, V3 starts at the inflection point of the Great Divergence; for the roughly three hundred years preceding the game, Europeans had been able to use global seafaring technology to export violence and extortion while importing plunder and produce. Scholars argue about whether the colonial extraction or the reduction in local destruction was the important factor, but Europe did in fact have that starting advantage over the rest of the world when the coal-powered steam engine came in and set the stage for the events of V3.