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In 1970 LouAnn purchased a new Ford Bronco for $4,000. In 2019 she sold the truck for $20,000. Which of the following are true regarding

In 1970 LouAnn purchased a new Ford Bronco for $4,000.

In 2019 she sold the truck for $20,000.

Which of the following are true regarding how these transactions are recorded in US GDP?

Group of answer choices

$4,000 in consumer spending was recorded in 1970 GDP.

$20,000 in consumer spending was recorded in 2019 GDP.

$16,000 in income was recorded in 2019 GDP.

$24,000 in income was recorded in 2019 GDP.

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