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Strength of correlation (R squared): 0.967 (this correlation is very strong)
Outliers:
California
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X Axis |
Y Axis |
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| Variable: |
Education > Elementary & Secondary Finance > Current Expenditures |
Economy > GSP > Nominal GSP > State and local |
| Plot Display: |
Linear |
Logarithmic (base 10) |
| Definition: |
Total current expenditures for public elementary and secondary education, grades prekindergarten through grade 12, including ungraded students. Expenditures for equipment, non-public education, school construction, debt financing and community services are excluded from this data item. Expenditures by state governments for and on behalf of LEAs are included in these expenditures, and all other expenditures here. This is the sum of expenditures for Instruction, Support Services, and Non-instructional Services (excluding Community Services) and Direct Program Support (excluding Support for Private school Students), and excludes Property expenditures. These data are taken from the CCD National Public Education Financial Survey.
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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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| Source: |
National Center for Educational Statistics
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U.S. Department of Commerce, Bureau of Economic Analysis, Regional Economic Analysis Division. Data for 2003.
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| Correlations: |
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