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Strength of correlation (R squared): 0.576 (this correlation is weak)
Outliers:
New York
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X Axis |
Y Axis |
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| Variable: |
Education > Public Libraries > Capital Expenditures |
Economy > GSP > Nominal GSP > Social assistance |
| Plot Display: |
Linear |
Logarithmic (base 10) |
| Definition: |
Major capital expenditures (the acquisition of or additions to fixed assets) are included. Examples include expenditures for (a) site acquisitions; (b) new buildings; (c) additions to or renovation of library buildings; (d) furnishings, equipment, and initial book stock for new buildings, building additions, or building renovations; (e) library automation systems; (f) new vehicles; and (g) other one-time major projects. Federal, state, local, or other revenue used for major capital expenditures are included. Only funds that are supported by expenditure documents (e.g., invoices, contracts, payroll records, etc.) at the point of disbursement are included. Estimated costs are not included. Expenditures for replacement and repair of existing furnishings and equipment, regular purchase of library materials, and investments for capital appreciation are not included. Contributions to endowments, or revenue passed through to another agency (e.g., fines) are not included. Funds transferred from one public library to another public library are reported by only one of the public libraries. |
Social assistance, 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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