Consider an economy with labour-augmenting technological progress. The economy has a Cobb-Douglas production function in which the share of capital in output is 0.5 while the share of effective labour in output is 0.5. The economy has a saving rate of 24%, the labour force is growing at 2% per year, the rate of technological progress is 3% per year, and the depreciation rate is 1% per year.What are the steady-state values of per capita capital stock, per capita output level and per capita consumption? (Assume the initial value of the technological parameter is 1).