International Trade

In a closed economy where there is no government and no foreign trade, the following variables would become zero:

• G (Government Spending): With no government, there would be no government spending.
• T (Taxes): Without a government, there would be no tax imposed.
• M (Imports): In the absence of foreign trade, there would be no imports.
• X (Exports): Similarly, without foreign trade, there would be no exports.

Therefore, the correct economic condition for this scenario is: G = T = M = X = 0.