Assume that the production function in an economy is given by y=k^1/2, where y and k are the per-worker levels of output and capital, respectively. The savings rate is given by s=0.2 and the rate of depreciation is 0.05.

According to the above information, what are thesteady-state levelsof k, y, and c (consumption)?

k = 9, y = 3, c = 2.4

k = 4, y = 2, c = 1.6

k = 25, y = 5, c = 4.0

k = 16, y = 4, c = 3.2