Which statement gives the clearest accurate account of Real GDP?

• New York’s 2025 real GDP was about $1.894 trillion in chained 2017 dollars.
• New York’s annual real GDP increased by roughly 2.9% from 2024 to 2025.
• A quarterly GDP annualized rate is not the same as the actual amount of output produced during one quarter.
• New York ranked third among states by current-dollar GDP in the 2025 annual data, behind California and Texas.