Which choice is correct when reviewing New York’s Annual vs Quarterly?

• New York’s Q1 2026 current-dollar GDP was reported at an annualized rate of about $2.554 trillion.
• A quarterly GDP annualized rate is not the same as the actual amount of output produced during one quarter.
• New York’s annual real GDP increased by roughly 2.9% from 2024 to 2025.
• New York’s 2025 real GDP was about $1.894 trillion in chained 2017 dollars.