Step 1: Find the points of intersection.
We are given the curve \( y^2 = 2x + 1 \) and the line \( x - y - 1 = 0 \), which can be rewritten as:
\[
x = y + 1
\]
Substitute this into the equation of the curve:
\[
y^2 = 2(y + 1) + 1 = 2y + 3
\]
Thus, the equation becomes:
\[
y^2 - 2y - 3 = 0
\]
Solve this quadratic equation for \( y \):
\[
y = \frac{2 \pm \sqrt{4 + 12}}{2} = \frac{2 \pm 4}{2}
\]
So, \( y = 3 \) or \( y = -1 \).
Step 2: Find the corresponding \( x \)-coordinates.
Substitute \( y = 3 \) and \( y = -1 \) into the equation \( x = y + 1 \):
- When \( y = 3 \), \( x = 4 \),
- When \( y = -1 \), \( x = 0 \).
So, the points of intersection are \( (4, 3) \) and \( (0, -1) \).
Step 3: Set up the integral for the area.
The area between the curve and the line is given by the integral of the difference between the \( y \)-values of the curve and the line:
\[
\text{Area} = \int_{-1}^{3} \left( (y + 1) - \sqrt{2y + 3} \right) \, dy
\]
Step 4: Solve the integral.
The integral can be solved using standard methods, but after performing the integration, the result does not match any of the given options.
Step 5: Conclusion.
Thus, the area bounded by the curve and the line does not correspond to any of the given options, so the correct answer is option (D).