Table 2.—Methodology Used in Preparing Estimates of Real GDP—Continued

Component Subcomponent Deflation, using price based on— Using quantity for—
Components of the Consumer Price Index (CPI) or the Producer Price Index (PPI) Other Extrapolation Direct valuation
Personal consumption expenditures—Continued Services—Continued:
Motor vehicle repair, rental and other services; other repair services; other purchased intercity transportation; legal and funeral services; barbershops and beauty parlors; nursing homes; laundries; employment agency fees; accounting and tax return preparation services; recreation (except cable TV, casino gambling, parimutuel net receipts, lotteries, and computer online services); hotels and motels; commercial business, trade, and correspondence schools; educational services not elsewhere classified; research organizations and foundations Except as noted, CPI; private for-profit nursing homes and employment agency fees, PPI. Private nonprofit nursing homes, composite index of input prices from the Health Care Financing Administration; clubs and fraternal organizations, and nonprofit research and foundation expenses, BEA composite indexes of input prices.
Physicians, dentists, and other professional medical services Except as noted, CPI; physicians, home health care, and medical laboratories, PPI
Private nursery schools, elementary and secondary schools, day care, welfare activities, political organizations, foundations, and trade unions and professional associations BEA composite indexes of input prices.
Financial services furnished without payment by banks, credit agencies, and investment companies./1/ Paid employee hours of relevant financial institutions.
Brokerage charges and investment counseling, bank service charges, intercity transportation except other, and private higher education Except as noted, CPI Airline transportation, BEA index based on revenue per passenger mile from the Department of Transportation and trade source, and CPI for airline fares; private higher education, BEA composite index of input prices. Stock brokerage charges, BEA orders, derived from volume data from the Securities and Exchange Commission and trade sources; mutual fund sales charges, value of new sales deflated by CPI.
Domestic services CPI

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Table 2, page 3