Compute a simple index for the number of employees for GE. Use 2013 as the base period.

Question:

Compute a simple index for the number of employees for GE. Use 2013 as the base period. What can you conclude about the change in the number of employees over the period?

General Electric Employees (thousands) Revenue Year ($ million) 2013 $113,245 307 2014 117,184 305 2015 117,386 333 2016 123,693 295 2017 122,092 313 2018 125,615 283