For historical reasons Standard Gauge track diameters are nominal. i.e., not exactly the named dimensions. Here are the actual dimensions of all three rails of the available circles of Standard Gauge track:
(42, 57, 72 and 87 curve tracks result in concentric circles that are on exact 7-1/4" centers.)
STD42 (2.143 gauge, 2.268 c to c) 45º-8/circle
arc=15.112, radius=19.241, diameter=38.482
arc=16.002, radius=20.375, diameter=40.750
arc=16.893, radius=21.509, diameter=43.018
STD57 (2.134 gauge,2.259 c to c) 30º-12/circle
arc=13.873, radius=26.496, diameter=52.991
arc=14.464, radius=27.625, diameter=55.250
arc=15.056, radius=28.754, diameter=57.509
STD72 (2.125 gauge, 2.250 c to c) 22.5º-16/circle
arc=13.254, radius=33.750, diameter=67.500
arc=13.695, radius=34.875, diameter=69.750
arc=14.137, radius=36.000, diameter=72.000
STD84 (2.125 gauge, 2.250 c to c) 22.5º-16/circle
arc=15.683, radius=39.938 diameter=79.875
arc=16.125, radius=41.062 diameter=82.125
arc=16.567, radius=42.188, diameter=84.375
STD87 (2.125 gauge, 2.250 c to c)22.5º-16/circle
arc=16.101. radius=41.000, diameter=82.000
arc=16.542, radius=42.125, diameter=84.250
arc=16.984, radius=43.250, diameter=86.500
If your table is only 8’x8’, and you need wide radius curves (much preferred for the larger sets), then you will only have circles of track, no straight sections. Lengthening the layout will allow for up to 4’ of straight track on two sides, which is both visually and operationally superior. The extra space and straight track will also facilitate the placement of accessory structures, which IMHO are essential.