Step 1: Equations of the lines AB, BC, and CA
Let $P(x,y)$ be the variable point.
- Line AB passes through $A(2,0)$ and $B(0,2)$. Equation:
\[
\frac{x}{2} + \frac{y}{2} = 1 \implies x + y - 2 = 0.
\]
- Line BC passes through $B(0,2)$ and $C(-2,0)$. Slope $m = \frac{0-2}{-2-0} = 1$, equation:
\[
y - 2 = 1(x - 0) \implies x - y + 2 = 0.
\]
- Line CA passes through $C(-2,0)$ and $A(2,0)$. This is the x-axis:
\[
y = 0.
\]
Step 2: Expressions for perpendicular distances
The perpendicular distance from $(x_0, y_0)$ to a line $Ax+By+C=0$ is $\frac{|Ax_0+By_0+C|}{\sqrt{A^2+B^2}}$.
\[
a = \text{distance from P to AB} = \frac{|x+y-2|}{\sqrt{1^2+1^2}} = \frac{|x+y-2|}{\sqrt{2}},
\]
\[
b = \text{distance from P to BC} = \frac{|x-y+2|}{\sqrt{1^2+(-1)^2}} = \frac{|x-y+2|}{\sqrt{2}},
\]
\[
c = \text{distance from P to CA} = \frac{|y|}{\sqrt{0^2+1^2}} = |y|.
\]
Step 3: Apply the A.P. condition
For three numbers $a, b, c$ in A.P., $2b = a + c$. Substituting the distances:
\[
2 \cdot \frac{|x-y+2|}{\sqrt{2}} = \frac{|x+y-2|}{\sqrt{2}} + |y|.
\]
Step 4: Simplify to find the locus
Multiply both sides by $\sqrt{2}$:
\[
2|x-y+2| = |x+y-2| + \sqrt{2}|y|.
\]
Rearranging:
\[
\sqrt{2}|y| = 2|x-y+2| - |x+y-2|.
\]
\[
\boxed{\text{Locus: } \sqrt{2}|y| = 2|x-y+2| - |x+y-2|}.
\]