Answer:
The population of the town is 0.983 times the population of the town in the previous year.
B is correct. 
Explanation:
We are given a function which represent population of a town after t years. 

It is an exponential function. Exponential function wither decease or increase it depends on factor.

b is factor which decides factor of exponential function decrease or increase. 
- If b >1 then function increase 
- If 0<b<1 then function decrease. 
If we see our problem 
 
 
Here, b=0.983<1 
Function would be decrease by factor of 0.983 
Thus, The population of the town is 0.983 times the population of the town in the previous year.