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Economy > GSP > Nominal GSP > Educational services (vs) Education > Postsecondary > Number Of Institutions > Private, Not For Profit

VIEW DATA:   Comparison scatterplot  
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152
Education > Postsecondary > Number Of Institutions > Private, Not For Profit
1
8 million Economy > GSP > Nominal GSP > Educational services ($) 1.02 billion

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Note: It will take several minutes to draw this plot the first time you view it. After that all plots should appear much more quickly.
Strength of correlation (R squared): 0.839 (this correlation is strong)
Outliers: New York

X Axis Y Axis
Variable: Economy > GSP > Nominal GSP > Educational services Education > Postsecondary > Number Of Institutions > Private, Not For Profit
Plot Display: Logarithmic (base 10) Logarithmic (base 10)
Definition: Educational services, 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. This is the count of private, not-for-profit, postsecondary institutions that are eligible for Title IV federal financial-aid programs and grant an associate's or higher degree. For an institution to be eligible to participate in Title IV financial-aid programs it must offer a program of at least 300 clock hours in length, have accreditation recognized by the U.S. Department of Education, have been in business for at least 2 years, and have signed a participation agreement with the Department. A private, not-for-profit, institution is one in which the individual(s) or agency in control receives no compensation, other than wages, rent, or other expenses for the assumption of risk. These include both independent not-for-profit schools and those affiliated with a religious organization.
Source: U.S. Department of Commerce, Bureau of Economic Analysis, Regional Economic Analysis Division. Data for 2003. National Center for Educational Statistics
Correlations:
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