QUESTION 3 An army battalion is deployed to repel a threatened invasion from New Zealand. The soldiers earn wages of $10,000 and use ammunition that the government buys for $5,000. The ammunition is produced using $2,000 of imported steel and 100 hours of work, for which the workers were paid $1,000. When computing GDP by the income approach, these transactions show up as: An increase in wages by $10,000 and an increase in profits by $2,000. An increase in wages by $10,000 and an increase in profits by $5.000. An increase in wages by $11,000 and an increase in profits by $3,000. An increase in wages by $11,000 and an increase in profits by $2,000