The answer is D. The program prints:
57

Why?
The loop remembers the biggest number it has seen so far, and replaces it whenever it finds a bigger one. This is how computers find the maximum.
Trace table
A trace table follows the program step by step. Here’s this one:
| n | n > biggest? | biggest |
|---|---|---|
| 48 | yes | 48 |
| 39 | no | 48 |
| 35 | no | 48 |
| 57 | yes | 57 |
| 43 | no | 57 |
The code again
numbers = [48, 39, 35, 57, 43]
biggest = 0
for n in numbers:
if n > biggest:
biggest = n
print(biggest)
Try it: change one number in the program and predict the new output before you run it.