The price of beef and quantity of beef traded are P 
and Q 
, respectively. Given this information, consumer surplus is the area: 
Definitions:
Living Standard
The degree of prosperity, ease, physical items, and essential needs accessible to an individual, community, or social group.
Per Capita
A statistical measure that divides a total figure by the population number, providing an average per person.
Real GDP
Gross Domestic Product adjusted for inflation, measuring the value of all goods and services produced by an economy in real terms.
Energy Consumption
The total amount of energy used by an individual, organization, or society.
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