The following information is from General Electric Corporation's annual reports. Year 2015 2016 2017 2018 2019 2020 General Electric Revenue ($ Year Employees Billion) (thousands) 94.49 349 103.3 311 99.28 329 299 221 190 Click here for the Excel Data File 2015 2016 2017 2018 2019 2020 97.01 95.21 79.62 Compute a simple index for the number of employees for GE using the period 2015 to 2016 as the base. The index (2015 to 2016 = 100) for selected years is: Note: Round your answers to 2 decimal places. Simple Index
The following information is from General Electric Corporation's annual reports. Year 2015 2016 2017 2018 2019 2020 General Electric Revenue ($ Year Employees Billion) (thousands) 94.49 349 103.3 311 99.28 329 299 221 190 Click here for the Excel Data File 2015 2016 2017 2018 2019 2020 97.01 95.21 79.62 Compute a simple index for the number of employees for GE using the period 2015 to 2016 as the base. The index (2015 to 2016 = 100) for selected years is: Note: Round your answers to 2 decimal places. Simple Index
Chapter1: Making Economics Decisions
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![The following information is from General Electric Corporation's annual reports.
Year
2015
2016
2017
2018
2019
2020
General Electric
Revenue ($
Year
Employees
Billion) (thousands)
94.49
349
103.3
311
99.28
329
97.01
299
221
190
Click here for the Excel Data File
2015
2016
2017
2018
2019
2020
95.21
79.62
Compute a simple index for the number of employees for GE using the period 2015 to 2016 as the base.
The index (2015 to 2016 = 100) for selected years is:
Note: Round your answers to 2 decimal places.
Simple Index](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb654e03a-c3bd-4302-8058-738c4eac3b20%2F57501953-6919-4343-a966-222e63a307d2%2Fhycb80b_processed.png&w=3840&q=75)
Transcribed Image Text:The following information is from General Electric Corporation's annual reports.
Year
2015
2016
2017
2018
2019
2020
General Electric
Revenue ($
Year
Employees
Billion) (thousands)
94.49
349
103.3
311
99.28
329
97.01
299
221
190
Click here for the Excel Data File
2015
2016
2017
2018
2019
2020
95.21
79.62
Compute a simple index for the number of employees for GE using the period 2015 to 2016 as the base.
The index (2015 to 2016 = 100) for selected years is:
Note: Round your answers to 2 decimal places.
Simple Index
![What can you conclude about the change in the number of employees over the period?
Note: Round your answer to 2 decimal places.
Compared to the average of 2015 and 2016, the number of employees is
%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb654e03a-c3bd-4302-8058-738c4eac3b20%2F57501953-6919-4343-a966-222e63a307d2%2Fz2yjlvd_processed.png&w=3840&q=75)
Transcribed Image Text:What can you conclude about the change in the number of employees over the period?
Note: Round your answer to 2 decimal places.
Compared to the average of 2015 and 2016, the number of employees is
%
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