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Strength of correlation (R squared): 0.973 (this correlation is very strong)
Outliers:
California
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X Axis |
Y Axis |
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| Variable: |
Education > Elementary & Secondary Finance > Total Expenditures for Education |
Economy > GSP > Nominal GSP > State and local |
| Plot Display: |
Linear |
Logarithmic (base 10) |
| Definition: |
Total expenditures made by school districts, including total current expenditures, all property and equipment expenditures, school construction and facilities acquisition items, and expenditures for non-public elementary/secondary education programs such as community services, community colleges, adult education and private schools. Expenditures by state governments for and on behalf of LEAs are included in these expenditures. Expenditures for debt services (payments of interest and principal) are excluded. This does not include Other Uses. These data are taken from the CCD National Public Education Financial Survey. |
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 |
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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