Right, the CO2 is produced by the body, but air does have a fraction of CO2 (about 0.04%), and nitrox would have a smaller fraction. So, I'm wondering if the smaller fraction of CO2 in nitrox would allow the body to off-gas CO2 at a faster rate to reduce the CO2 accumulation enough to reduce the breathing response. It may be that the amount of CO2 in air is so low that it does not significantly impact the off-gassing - that's what I'm wondering if anyone knows. I could do the calculations myself later but I would imagine someone has already done them.
CO2 is a byproduct of respiration. You exhale between 4%-and 6% (by vol.) CO2 with each breath. The variance of this percentage is in direct relation to the exercise level. The more you work, the more CO2 you produce, but basically between above mentioned levels. Our body is very sensitive to C02 levels as it triggers our breathing reflex.
At 2% by vol. you already notice breathing rate increase, at 5% it becomes uncomfortable, and at 10% you start getting confused and start going hypoxic.
Depending on depth and CO2 levels in the gas (Pg=Fg*D) your breathing rate may actually increase. PCO2 would then be {FCO2 (matabolized)+FCO2(inspired)}*D. While you exhale this in OC, it still triggers the breathing reflex. At PCO2 of about 0.15 bar, you would experience muscle rigidity, spasms and overall breathing difficulties.
This is one main reason why deep, steady breathing is important. You can not always control the level of inspired CO2 (even though it may be small), but CO2 build up WILL have an effect on your breathing. By ensuring to 'vent' as much CO2 as possible, we avoid going into hyperventilation like breathing patterns. CO2 buildup is one of the main catalysts for Oxtox symptoms. At elevated levels of O2 (EANx), this could be coming sooner given that the blood vessels (think brain as well) dilate.
CO2 buildup also could allow for more N2 to be absorbed through the increased blood flow to the cells and uptake of gases. As we know N2 is the main cause for DCS.
CO2 can help to off gas through it's breathing reflex trigger. But it is a VERY fine line and your body is sensitive to it.