In the following question, two statements are given each followed by two conclusions I and II. You have to consider the statements to be tr…

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.
Statement:
(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.