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Strength of correlation (R squared): 0.970 (this correlation is very strong)
Outliers:
California
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X Axis |
Y Axis |
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| Variable: |
Economy > GSP > Nominal GSP > State and local |
Education > Elementary & Secondary Finance > Total Revenue from All Sources |
| Plot Display: |
Logarithmic (base 10) |
Linear |
| Definition: |
State and local, 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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Sum of subtotals for Local Government, State Government, Intermediate Government Agencies, and Federal Government. Does not include other sources of revenue. These data are taken from the CCD 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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