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Strength of correlation (R squared): 0.880 (this correlation is strong)
Outliers:
California
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X Axis |
Y Axis |
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| Variable: |
Economy > GSP > Nominal GSP > Management of companies and enterprises |
Education > Elementary & Secondary Finance > Instruct. Expend.- Subtotal |
| Plot Display: |
Logarithmic (base 10) |
Linear |
| Definition: |
Management of companies and enterprises, 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.
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The sum of all Instructional Expenditures except tuition to other LEAs within the State and Property expenditures. These data are taken from the National Public Education Financial Survey. |
| Source: |
U.S. Department of Commerce, Bureau of Economic Analysis, Regional Economic Analysis Division. Data for 2003.
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National Center for Educational Statistics |
| Correlations: |
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