The following values for nominal GDP and real GDP are reported for the U.S. from 1929 to 1932:
1929: Nominal GDP = 103.6; Real GDP 9771930: Nominal GDP = 91.2; Real GDP 892.8
1931: Nominal GDP = 76.5; Real GDP 834.9
1932: Nominal GDP = 58.7; Real GDP 725.8
If prices had remained constant between 1929 and 1930, GDP would have decreased