FIGURE 13-3 Net Public Debt as a Percentage of National output stanted to fall, only to start rising again mn 2 rew steadily ntil the mid-1990s, hen it ain The pubic debt as a percentage of national outpu reached its peak dering World War I and th dropped consistently umtil about 1975.It then z 1940194519501955196019651970197519901985199019952002005 Year