Which statement gives the most accurate understanding of SAAR Interpretation?

• New York’s 2025 current-dollar GDP of about $2.468 trillion measures output at current prices.
• 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.
• The Q1 2026 figure of about $2.554 trillion is a seasonally adjusted annual rate, not a literal one-quarter dollar total.
• The increase from about $1.840 trillion real GDP in 2024 to $1.894 trillion in 2025 corresponds to roughly 2.9% annual real growth.