Suppose that the advance estimate for fourth quarter GDP growth is 2%. Which of the following is true?

It is likely that the final estimate will be higher than 2% because there are omissions in the initial numbers.

We will not know the final estimate until the end of the calendar year.

It is likely that the final estimate will be lower than 2% due to errors in the initial numbers.

We do not know whether the final estimate will be higher or lower than 2%.