Answer: 4.9 square units
How to get this answer:
Apply point-slope form to determine the equation of this line.

The y intercept is 7 which means the point (0,7) is on the line.
Let's find the x intercept. Replace y with 0 and solve for x.

The x intercept is located at (1.4, 0)
The equation y = -5x+7, and the xy axis, intersect to form a triangle that has the vertex points (0,0) and (0,7) and (1.4, 0). Check out the diagram below.
This right triangle has: base = 1.4 and height = 7
Therefore,
area = 0.5*base*height = 0.5*1.4*7 = 4.9 square units