The Main Macroeconomic Implication of a Pay- As- You- Go

Multiple Choice

The main macroeconomic implication of a pay- as- you- go social securtiy system is:

A) total saving decreases and capital accumulation decreases.
B) no effect on total saving and capital accumulation decreases.
C) no effect on total saving and no effect on capital accumulation.
D) total saving increases and capital accumulation increases.
E) no effect on total saving and capital accumulation increases.