169
Since 1929, manufacturing and durable goods
output have increased more rapidly than production as
a whole, and increases in machinery production have been
still greater, as the data in Tables 10, 11, and 12
indicate. The increase in national income originating
in the machine-making industry since 1929 has been
almost twice that of all industries taken together.
TABLE 10
GROSS NATIONAL PRODUCT BY TYPE OF
PRODUCT, 1929 and i960
(Billions of Current Dollars)
1929
i960
GNP
Percentage
GNP
Percentage
GNP
Total
Goods
GNP
Total
Goods
Goods Output
$56.1
5b%
#259.6
51.5$
Durable Goods
17.5
16
31$
99-5
19.7
38. b<j
Services
35.6
3b
187.3
37.2
Structures
11. b
11
56.8
11.3
GNP
I103.1
#503.7
Source: Computed from U.S. Department of
Commerce, The National Income and Product Accounts of the
United States, 1929-1965 (Washington, 5"! C. : Government
Printing Office, 1966), pp. 6-7.