In the following question, two statements are given each followed by two conclusions I and II. You have to consider the statements to be true even if they seem to be at variance from commonly known facts. You have to decide which of the given conclusions, if any, follows from the given statements. Statements:(I) Wages are determined by minimum wage legislation in each country.(II) Increase in wage rate is the sign of growth in an economy.Conclusions:(I) Average wage rate signifies the wealth of a country.(II) Minimum wage legislation does not account wage imbalances.

Let's evaluate the conclusions based solely on the given statements:Conclusion I: "Average wage rate signifies the wealth of a country." Statement II mentions that an increase in wage rate is a sign of growth in an economy, but nothing is stated regarding the average wage rate representing the overall wealth of a country. Thus, Conclusion I does not follow.Conclusion II: "Minimum wage legislation does not account wage imbalances." The statements only mention that wages are determined by minimum wage legislation, but do not provide any information about whether it accounts for or ignores wage imbalances. Thus, Conclusion II does not follow.Therefore, neither conclusion I nor II follows.