Sure! Since displacement is just the double integral of acceleration, you can use the integral VI in labview under Analyze-> Signal Processing -> Time Domain -> Integral x(t) VI. I believe that this is in the Analysis Package, so you must have the Full Development Package of LabVIEW or purchased the package separately from LabVIEW.
By taking the values of your waveform, converting them to g values, wiring that to the input of the integral VI, and telling the integral VI the delta T of your measurements and taking the output of that into another integral vi with the same delta T, that should give you the displacement that you want.
Mark