Per-Capita GDP

Which option best matches New York State’s Per-Capita GDP?

• Current-dollar GDP measures production at prevailing prices and therefore combines quantity and price effects.
• Real GDP uses chained-dollar methods to estimate changes in production while reducing the effect of price changes.
• State GDP rankings require consistent metric definitions, periods, and releases because nominal, real, annual, and quarterly series answer different questions.
• GDP per resident can support productivity or scale comparisons but is not a measure of median living standards.