Lumen OHM Assessment

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A city's population in the year `x=`1951 was `y=` 2,043,000. In 1998 the population was 2,066,500.

Compute the slope of the population growth (or decline)

Choose the most accurate statement from the following:

The population is decreasing at a rate of 500 people per year.
The population is increasing at a rate of 700 people per year.
The population is decreasing at a rate of 700 people per year.
The population is decreasing at a rate of 550 people per year.
The population is increasing at a rate of 550 people per year.
The population is increasing at a rate of 500 people per year.