Here's the breakdown:

* Consumed: Carbon dioxide is taken in from the atmosphere through tiny pores on the leaves called stomata.

* Produced: Oxygen is released as a byproduct of the process.

The overall equation for photosynthesis is:

6CO2 + 6H2O + light energy → C6H12O6 + 6O2

Where:

* CO2 = Carbon dioxide

* H2O = Water

* Light energy = Sunlight

* C6H12O6 = Glucose (sugar)

* O2 = Oxygen

So, in essence, plants use sunlight to convert carbon dioxide and water into glucose (their food) and release oxygen as a waste product. This process is crucial for life on Earth, as it provides the oxygen we breathe and is the foundation of the food chain.