Indeed they will
You're a little confused on your calculations I'm afraid, however, here's the correct ones to use. To calculate the appropriate fan size for your grow chamber -
1) First find out the cubic capacity of the space. You do this by multiplying the height x depth x width. So far a space 1m wide x 0.5m deep and 2m tall, would be (1x0.5x2) = 1m3.
2) A plant leaf uses all the co2 around it within about 2-3 minutes, so you need to exchange all the air in your chamber at least once every 3 minutes. To calculate that, you divide the exchange times by an hour (60/3=20) and then multiply this by your grow chamber size (20x1) = 20m3. This gives you the minimum flow rate to change all the air in that chamber once every 3 minutes.
3) Now you need to add adjustments for your own circumstances.
a) Add 5% per air cooled HID light and 10-15% per non-air cooled HID light.
b) Add 5% for rooms using co2 enrichment.
c) Add 20% for rooms using a carbon filter
d) Add 25% for hot climates, 40% for hot and humid climates.
e) Add 20-30% total for any ducting that isn't straight, ie any curves in the ducting.
So for our example using one HID light, a carbon filter and kinks in the ducting we're looking at -
20m3 per minute. + 5% for one HID (1) plus 20% for a carbon filter (4) plus 30% for ducting kinks (6). Thats 20+1+4+6=31m3 per minute.
That means you need a fan capable of extracting a minimum of 31m3 per minute flat out. If you intend on using a cheap resistive fan speed controller to adjust the fan speed, you want to be looking at using a range between 1/4 speed and 3/4 speed. At lower than 1/4 speed you'll get fan whine from the cheap resistive fan speed controller, at higher than 3/4 speed you'll get fan noise and air movement rushing noise. So we need a fan capable of moving 31m3 at 100%. We ideally need a fan capable of moving 31m3 at 50% (half way between 1/4 and 3/4 speed) so double the 31m3 to 62m3. That would be the optimum air movement running the fan at it's quietest 50% capacity.
So to convert 62m3 per minute to litres per minute multiply by 16.67. To convert from m3/min to cfm multiply by 35.32.
So for our example we'd need a fan capable of moving around 218cfm.