This kind of data is called a coincident indicator.
A coincident indicator is an economic indicator that occurs at the same time with changes in the economy. When there is a recession, GDP would decline. This would lead to a reduction of income.
Other types of economic indicators are leading indicators and lagging indicators. Leading indicators precede changes in the economy. Lagging indicators lag after changes in the economy.
To learn more about economic indictors, please check: https://brainly.com/question/514508
