Is a BenQ GW2450 good enough for i5 4460 + R9 270x combination?

fatman80000

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Continuing from this thread:
http://www.tomshardware.com/answers/id-2306452/building-4460-system-scratch.html

Is a BenQ GW2450 good enough for a i5 4460 + R9 270x combination? I'm going to use it to play World of Warcraft, League of Legends and DOTA2, as well as other free-to-play games. I think it's good enough but I'm not really sure.

Here is a link to the store I'm planning to buy the monitor:
http://pcx.com.ph/benq-24-gw2450-led-wide-screen-blk.html

Also, the term "response time" confuses me. Isn't a response time of 8ms equivalent to 125 frames per second? Where does the 60Hz figure into to this? Does this mean that the monitor is set at a limit of 60 frames per second? Are they related at all or am I just confused?

Anyway, thanks for taking the time to read this.