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Eduncle posted an MCQ
October 18, 2019 • 16:15 pm 0 points
  • UGC NET
  • Economics

A simultaneous equation model is exactly identified, if

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    Eduncle Best Answer

    A function belonging to a system of simultaneous equations is identified if it has a unique statistical form. This means that there must be no other model in the system, or formed by algebraic manipulation of other equations within the system, which contains the same variables as the function in question. Hence, the correct answer is 1.

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