Question: Which of the following statements about the unemployment rate are true?(could be multiple choice) A.If you assume the quit rate is 0.03 and the new

Which of the following statements about the unemployment rate are true?(could be multiple choice)

A.If you assume the quit rate is 0.03 and the new hire rate is 0.57, then the unemployment rate is 0.1.

B.With a constant unemployment rate, the number of hires must be equal to the number of job seekers.

C.If you assume that the unemployment rate is 0.2 and the rate of layoffs is 0.1, then the rate of new hires must be 0.4 to keep the unemployment rate constant.

D.If an economy has 80 million economically active persons, 70 million employed persons and 8 million unemployed, then the unemployment rate is 0.08.

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