Answer:
"The decay factor of voters."
Explanation:
The function given has a form of:

Where
A is the initial value
1-r is the decay factor
r is the rate of decay
t not given
Note: it would be 1+r if it was an increase problem and r would be the growth rate
Thus, matching the equations, we see that:
A = 5700
1-r = 0.94
r = 1 - 0.94 = 0.06 (6%)
The 0.94 factor is the "decay factor" of the number f voters. So, the first answer choice is right --- "The decay factor of voters."