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## Correlations > Economy Statistics > GSP > Nominal GSP > Wholesale trade (per \$ GDP)

DEFINITION: Wholesale trade, Nominal GSP (current dollars) GSP, or Gross State Product is the value of all the goods and services produced in a state. Specific industries measured will give the value of all goods and services in that industry. The Nominal Gross State Product measures the value of all the goods and services produced expressed in current prices. On the other hand, Real Gross State Product measures the value of all the goods and services produced expressed in the prices of some base year. Per \$ GDP figures expressed per 100 \$ gross domestic product.
 VIEW DATA: Totals Per capita Per \$ GDP
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### Correlations between Economy > GSP > Nominal GSP > Wholesale trade (per \$ GDP) ...

A correlation is a statistical measure of similarity between at least two given sets of data. StateMaster's correlations compare two variables from our database and reveal statistical relationships between them. The percentages you see represent the strength (or likelihood) that a change in the topic variable is matched by a change in the listed variables below it. But remember: These correlations do not imply causation, that is, one does not necessarily cause the other. Also, not all variables contain all states, rather subsets of states matched together.

#### NOTES:

• Outliers have been removed only where they are outside 3 standard deviations of the mean.
• Only variable pairs where at least 15 states match for each have been considered.
• Strength is given by the correlation coefficient (R squared). It is the fraction of variation in Y that can be attributed to the variation in X. 100% signifies a perfect fit (R squared of 1). The top 50 such stats are displayed

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