Briefly explain whether production of each of the following goods is likely to fluctuate more or less than real GDP does during the business cycle. a. Ford F-150 trucks b. McDonald's Big Macs c. Chevron's sales of advanced plastics to be used in automobile manufacturing d. Huggies diapers e. Boeing passenger aircraft

Identify the nature of each of the goods given. Are they considered a necessity or a luxury? High value or inexpensive? Long-term or disposable?

Understand how the business cycle impacts the production and consumption of each type of good. During economic downturns, demand for luxuries and expensive items tends to decrease, while necessities remain relatively stable.

a. Ford F-150 trucks - Production will likely fluctuate more because trucks are considered a big-ticket item, demand falling in hard economic times. b. McDonald's Big Macs - Production may fluctuate less as fast food is generally considered affordable and its demand remains relatively stable. c. Chevron's sales of advanced plastics - Production may fluctuate more since these materials are used in automaking, a sector greatly impacted by economic conditions. d. Huggies diapers - Production likely fluctuates less because diapers are a necessity for families with babies, regardless of economic state. e. Boeing passenger aircraft - Production will likely fluctuate more due to the high cost and the investment being postponed during economic downturns.