General Electric Company (GE) is a high-tech industrial company that operates worldwide through its four industrial segments, Power, Renewable Energy, Aviation, and Healthcare, and its financial services segment, Capital (2020 General Electric Form 10-K). Use the following information from General Electric Corporation’s annual reports.

Compute a simple index for GE’s number of employees. Use 2015 as the base period. What can you conclude about the change in the number of employees over the period?

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Year 2015 2016 2017 2018 2019 2020 General Electric Revenue ($ Billion) 94.49 103.3 99.28 97.01 95.21 79.62 Employees (thousands) 333 295 313 283 205 174