For those of you completing the credit, please start with this background on what GDP is, and how it is calculated, then we will expand that into Real vs. Nominal GDP, and business cycles.

Here is the GDP explanatory video:

https://www.youtube.com/watch?v=mjJmo5mN5yA  

If you are in the mood, and want to roll right into the Real Vs. Nominal GDP, you can have a look at this:  It gets very US-based in its examples, though; our assignment later will focus on Real GDP in Canada (it is hard to find good Canadian-based explanatory videos)

https://www.youtube.com/watch?v=rGqhTQyY6g4