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Strength of correlation (R squared): 0.832 (this correlation is strong)
Outliers:
California
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X Axis |
Y Axis |
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| Variable: |
Economy > GSP > Real GSP > Federal Reserve banks, credit intermediation and related services |
Military > Cost of the Military |
| Plot Display: |
Linear |
Logarithmic (base 10) |
| Definition: |
Federal Reserve banks, credit intermediation and related services, Real GSP (chained 2000 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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Cost of the Military. This data set indicates how much money leaves the state in terms of residents' individual income taxes to pay for military spending. In this case, the 'military' is simply defined as the function area (050) 'National Defense' in the federal budget. As such, it does not include other military-related items like financing weapons sales.
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| Source: |
U.S. Department of Commerce, Bureau of Economic Analysis, Regional Economic Analysis Division. Data for 2003.
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National Priorities Project Database, 2004
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| Correlations: |
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