TABLE 12

 SHARE OF NATIONAL INCOME BY SELECTED INDUSTRIES,
 1929 AND 1965
 (Money in Billions of Current Dollars)


 National Income 1965 as
 Percent
 1929 1965 of 1929

All Industries 86.8 559.0 644

Manufacturing

 All Goods 21.9 170.4 779
 Durable Goods 11.3 104.8 927
 Machinery (incl el) 2.9 32.6 1,124

All Industries less Mach. 83.9 526.4 628


 Source: Computed from National Income and Product
Accounts of the U.S., 1929-1965, pp. 18-21, Table 1.12.


 Gross National Product and National Income

figures do not reflect changing production precisely.

Services have not increased rapidly as a percent of

computed GNP, for example, partly because services

performed in the creation of goods output is included in

GNP as an increase in the value of goods output.

Similarly, in increase in automobile transportation

versus purchased transportation has tended to increase

the percentage share of consumer durables at the expense

of services, as has watching television rather than going

to the movies.


 1Survey of Current Business, XXXVII (June, 1957),
 pp. 4-10.