Answer: Option (A) is correct.
Explanation:
According to the life-cycle hypothesis, a person plan their consumption and savings over a period of life. Individuals wants to utilize their life time income in a best possible manner, so that their consumption level remains the same over the full period of their life including after retirement period.
In our case, Pat is saving some amount of his income for their after retirement period which shows that this is a example of life-cycle motive for saving.
