A quality manufacturer will pretty accurately produce and specify a blades kerf and generally deliver on that specification to within a mil or so. However, advertised kerf width is only part of the story, any runout, or wobble, in your arbor or flanges will add to that kerf and that will vary on a saw by saw basis, and is beyond a blade manufacturer's control since it is an innate inaccuracy in your tablesaw rather than the blade itself. Actual kerf width will also vary if your fence and/or miter gauge are not perfectly aligned with the blade as any error there will be feeding the stock into the blade at an angle causing the stock to rub against the sides of the teeth as it is pushed past the blade, increasing the effective kerf. Regardless, you will want to look up the true specifications for the blade of interest as anything very close to a nominal 1/8" may be called a 1/8" blade (e.g. a 0.120" blade may be called 1/8" even though it is 5 mils undersized, but the actual specification sheet will typically make note of the true kerf width and not just the nominal 1/8" figure).
Which essentially means you will need to make some test cuts on your saw, take some measurements, and work from there.
That all said, it does not really matter how accurate the blade's kerf width is provided you accurately set the joint spacing to match your blade's effective kerf width (per your tablesaw), as long as they are both absolutely equal (no matter how far out from a true 1/8") then your box joints will be a matched set and fit together properly. You will always want to set joint spacing to match your blade kerf, no matter the what that value, and not just assume a true nominal figure, not the other way around. Whether or not it is a perfect 1/8" only really matters if there is some other overarching reason why the spacing must be precisely 1/8".