That means that the growth is equal to, or similar to, an exponential function, which can be written (for example) as abx, for constants "a" and "b". One characteristic of exponential growth is that the function increases by the same percentage in the same time period. For example, it increases 5%, or equivalently by a factor of 1.05, every year.
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That you have an exponential function. These functions are typical for certain practical problems, such as population growth, or radioactive decay (with a negative exponent in this case).
It can be growth or decay - it depends on whether n is positive (growth) or negative (decay).
if there is no exponent shown, then the exponent is 1. ex: 41
Power = 5 = exponent. That is, exponent = 5.
what is the loose exponent