Which choice is correct when reviewing New York’s Per Capita Caveat?

• New York’s third-place 2025 nominal GDP ranking is meaningful only when California, Texas, and New York are compared using the same BEA series.
• GDP per resident is a productivity/output ratio and should not be interpreted as the income received by the typical resident.
• Scheduled BEA revisions mean state GDP figures should be date-stamped and rechecked after new releases.
• New York’s 2025 current-dollar GDP of about $2.468 trillion measures output at current prices.