the "ground" is also the 0 volt of the switching system which is connected to the primary winding of the output isolating transformer.
In that case, where does the N of the supply go? Are the N and this 'earthg terminal'connected?!!
OK, lets take a step back ...
"Traditionally" most of us are used to supplies with a 3 pin mains connector with L, N, and E connections. Internally, L&N go to a rectifier which creates a high voltage DC in capacitors and this is then chopped by a switching circuit to drive a transformer at high frequency to generate an isolated output.
Often, the -ve or common of the output is connected (either directly or via a resistor) to the earth pin of the input - making the output linked to the supply earth. Properly double insulated devices may have completely floating outputs. Also, many "dubious" units have floating outputs but don't (I suspect) actually meet the requirements to do so safely.
To reduce the amount of noise going back up the supply, a filter is placed at the inlet. Depending on the design, and how cheapskate the manufacturer is, this may have various components - but a common factor would be 3 caps : between L&N, between L&E, and between N&E.
Actually, these days the requirements on current waveform & power factor require active PF correction on the inputs for all but the smallest units. For years, there have been chips which do a switch mode supply for the switch mode supply - effectively using a switch mode circuit instead of a simple rectifier to charge the high voltage reservoir caps.
Now we take such a supply, and leave the earth unconnected. We now have a cap between L& E*, and between E* and N. Since E* isn't connected to anything, we now have a system where the internal "earth point", and often the output as well, is actually designed to be around 1/2 the supply voltage unless some external influence affects it
Thanks. Not a range I'm familiar with. Most I know don't attempt to measure AC current at all - I'd be a little intrigued to know how it does it.
With about one chip ! There really isn't much inside them - but no, I don't know how they work. I assume a shunt folloowed by switchable gain amp (to get the ranges), then by the same measurement system as for voltage. IIRC this is supped to be a true RMS meter but it's a long time since I looked at the specs.
Clearly not in the 'stray capacitance' ballpark, but fairly low in terms of filter capacitors. However, there could well be things other than capacitance between those measurement points, so I'm not sure that one can necessary trust those measurements.
Indeed, which is why I wrote "something in the order of". Just the stray capacitance from the test leads and my hands is enough to alter the readings.