Surely there's a factor of on / off where the compressor wheel is moving an amount of air (in a givien efficiency) which is different to what the engine is 'drawing' in. If the engine is pulling more air than the compressor moves then its off, once the compressor moves more then its on?
Yep, that how I understand it, it's a closed loop feedback circuit. However, remember that once it's "ON" fully the wastegate should open to stop the feedback system escalating infinitely.
Have a look at the Holset turbo's with the sliding ring VGT system Nev. I really like those. Big in the US but not so popular here.