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

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

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
%

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