NO! Who gave you that problem?
You have to multiply (x+1) by (x+1), then the result of that by (x+1).
Same way you got 2^3 = 8: 2 times 2 = 4, 4 times 2 = 8.
If you don't know how to multiply (x+1) by (x+1), then ask your teacher. We don't teach here.