A town's population is modeled by the function , where is the number of years since 2000. The number of active businesses in the town is modeled by the function , where is the number of years since 2000.
Which statement accurately describes the growth of the town's population and the number of active businesses?
The population grows by each year, and the number of businesses increases by businesses each year.
The population grows by each year, and the number of businesses increases by businesses each year.
The population grows by people each year, and the number of businesses increases by each year.
The population grows by people each year, and the number of businesses increases by businesses each year.