Under what circumstances is the geometric mean more appropriate to use than the arithmetic mean?

Multiple Choice

The geometric mean gives a better measure of the current expected return in a typical time period.

The geometric mean is less volatile than the arithmetic mean.

The geometric mean is better to use when looking at a long$-$term investing horizon since it represents the annualized compound return.

All of the above are reasons why the geometric mean is better to use than the arithmetic mean.