The expression \[1350(1.05)^t\] models the average wages, in dollars, in the US as a function of the number of years since \[1930\]. What does \[1.05\] represent in this expression? Choose 1 answer: Choose 1 answer: (Choice A) The average wages double every \[1.05\] years. A The average wages double every \[1.05\] years. (Choice B) The average wages in the US were about \[\$1.05\] in \[1930\]. B The average wages in the US were about \[\$1.05\] in \[1930\]. (Choice C) The average wages in the US increase by about \[5\%\] each year. C The average wages in the US increase by about \[5\%\] each year