What was the average duration of unemployment


Problem

1. Two towns in Ontario each had unemployment rate of 8% last year.

In town Red the incidence of unemployment was 60%. In town Blue the incidence of unemployment was 10%.

What was the average duration of unemployment in weeks for those who were unemployed in each town?

2. In which town did the unemployed experience the greater economic hardship? Explain why?

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Microeconomics: What was the average duration of unemployment
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