MAJOR FACTORS IN LOW ECONOMIC GROWTH DURING 9-YEAR PERIOD 1953-1961

DEFICIENT RATE OF GROWTH IN PRIVATE CONSUMER SPENDING, 1953-1961

$220 BILLION CONSUMPTION DEFICIENCY, 1953-1961 AS A WHOLE, REFLECTED EVEN LARGER CONSUMER INCOME DEFICIENCY

DEFICIENCIES IN WAGES AND SALARIES
AND IN FARM INCOME ACCOUNT FOR MOST
OF TOTAL CONSUMER INCOME DEFICIENCY

GROSS PRIVATE DOMESTIC INVESTMENT WAS

DEFICIENT DURING 1953-'61 AS A WHOLE

BUT AT TIMES INVESTMENT FAR OUTRAN CONSUMPTION; THIS LED TO RECESSIONS AND CORRECTIVE INVESTMENT SHRINKAGE

FEDERAL BUDGET HAS SHRUNK RELATIVE TO TOTAL OUTPUT AND NEEDS, 1954-1961